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Full text of "Thirty First Massachusetts Fire"

State Library 



OF 



Massachusetts 



V 



Return as Soon as Used. 



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PUBLIC DOCUMENT. No. 9. 



THIKTY-FIRST ANNUAL REPORT 



INSURANCE COMMISSIONER 



OF THE 



(£0mm0ttto£altjr of Passatjjusttts. 



January 1, 1886. 



PART I. 

FIRE AND MARINE INSURANCE. 



BOSTON : 

WRIGHT & POTTER PRINTING CO., STATE PRINTERS, 
18 Post Office Square. 

1886. 

y 



A 



TABLE OF CONTENTS. 



[For Index to Companies, see end of Volume.] 



COMMISSIONER'S REPORT. 

PAGE 

Companies admitted, v 

Companies withdrawn, vi 

Companies authorized in Massachusetts vi 

Massachusetts Mutual Fire Insurance Companies, .... viii 

Comparative Table A, viii 

Massachusetts Mutual Marine Insurance Companies, ... ix 

Comparative Table B, ix 

Massachusetts Joint-Stock Insurance Companies, .... x 

Comparative Table C, x 

Insurance Companies of Other States, xi 

Comparative Table D, xi 

United States Branches of Foreign Insurance Companies, . . xii 

Comparative Table E, xii 

Aggregates of all the Companies, xiii 

Massachusetts Business, xiv 

Comparative Table F, xiv 

Comparative Ratios xiv 

Fire Losses and Insurance for ten years, xv 

Massachusetts Fires in 1885, xv 

Receiverships, xvi 

A Mutual Company's Surplus, xvi 

Insurance in Unauthorized Companies, xvii 

Bonds of Insurance Agents, Assessment and Collection of Taxes 

on Foreign Companies, . xix 

Are Our Fire Insurance Companies Safe ? xxi 

Cost of Fire Insurance, xxiii 

A Public and Private Evil. — How to Combat it, .... xxvi 

What Insurance Companies have Done. — Power and Need of 

Combination, xxxi 

New Hampshire Insurance Legislation, 1885, xxxiv 

Venue of Suits against Foreign Companies, ... . xxxvi 



iv TABLE OF CONTENTS. 

PACK 

Legal Prohibition of Combination, xxxvi 

The Valued Policy Law, xxxvii 

Rights of Corporations, xlii 

State Supervision. — Its Uses and Abuses, xlii 

A Premature Suggestion, xlv 

Amendment of the Statutes, xlvi 

Finances of the Department, xlvii 

Statistical Tabulations, xlix 

Massachusetts Mutual Fire Insurance Companies, .... 1 

Table I. — Risks, assets, liabilities, and surplus, 1 

Massachusetts Manufacturers' Mutuals, lii 

Table II. — Gross cash income and expenditures, premiums, losses, 

and expenses, lii 

Massachusetts Manufacturers' Mutuals, lii 

Massachusetts Mutual Marine Insurance Companies, . . . Ht 

Table III. — Guarantee fund, scrip, risks, assets, liabilities, and surplus, liv 
Table IV. — Gross cash income and expenditures, premiums, losses, 

and expenses, liv 

Massachusetts Joint-Stock Insurance Companies, .... It 

Table V. — Cash capital, risks, assets, liabilities, and surplus, . It 

Table VI. — Risks written, premiums received, and losses paid, . M 

Table VII. — Gross cash income and expenditures, expenses and 

dividends, lvii 

Insurance Companies of Other States, lviii 

Table VIII. — Cash capital, risks, assets, liabilities, and surplus, lviii 

Table IX. — Risks written, premiums received, and losses paid, lxiv 
Table X. — Gross cash income and expenditures, expenses and 

dividends, lxx 

Table XI. — United States Branches, showing deposits, etc., . . lxxvi 

Table XII. — United States Branches, business of 1885, . . . lxxviii 

Massachusetts Business in Detail. — Table XIII, lxxx 

Statistics of Fires in Massachusetts, Ixxxvi 

Table XIV. — Property, Fires, Insurance, Loss, etc., .... Ixxxvi 

Table XV. — Fires classified by Months, xci 

Table XVI. — Causes of Fires, xcv 

Table XVII. — Summary, xcix 

Table XVIII. —Receipts and Expenditures of the Insurance De- 
partment, c 

DETAILED STATEMENTS. 

Massachusetts Mutual Fire Companies, 1 

Massachusetts Mutual Marine Companies, 73 

Massachusetts Joint-Stock Fire, Marine, and Fire-Marine Companies, . 81 

Fire, Marine, and Fire- Marine Insurance Companies of other States, . . 123 

United States Branches of Foreign Companies, 359 

Foreign Fire and Marine Companies, Home Statements, .... 406 
List of agents of insurance companies of other States and foreign countries, 

with amount of business done, and tax paid by each, .... 410 

Appendix, 529 



dfrrmmotttoealtjj of Hlassax|jus£tis. 



Ixsukance Department, Boston, Feb. 20, 1886. 
To the Honorable the Senate and House of Representatives : 

I respectfully submit Part I. (Fire and Marine) of the 
Thirty-First Annual Report of the Department. Part II., 
which relates to the business and financial condition of the 
Life and Casuality insurance companies, is well advanced in 
preparation, and will, I expect, be laid before the Legisla- 
ture at its regular session. 

For the exceptional early date of issue of the report I am 
obliged to the promptness of the companies in filing their 
statements and responding to requests for other information, 
and particularly to the intelligent zeal and industry of Dep- 
uty Commissioner Smith and his efficient assistants in the 
work of the department, whose ability and fidelity in all 
their duties I gratefully acknowledge. 

During the year 1885, of Marine and Fire companies, for- 
eign and domestic, seven were newly authorized and six 
ceased to do business in the State. The dates of admissions 
and withdrawals were, to wit : — 



Admitted. 



NAME OF COMPANY. 


LOCATION. 


DATE. 


California, .... 
Mercantile, .... 
Orient Mutual, 
Marine Ins. Co., of St. Louis, 
Milwaukee Mechanics 1 Mutual, 
Citizens 1 , .... 
Wellfleet Marine, 




San Francisco, Cal., 
Cleveland, , 
New Y"ork City, 
St. Louis, Mo., 
Milwaukee, Wis., . 
Cincinnati, 0., 
Wellfleet, Mass., . 


January 26. 
January 29. 
February 25. 
April 24. 
June 16. 
August 7. 
December 28 



VI 



REPORT OF THE 



Withdrawn. 



NAME OF COMPANY. 



LOCATION. 



DATE. 



New Orleans, .... 

Manufacturers' Fire and Marine, 

Merchants 1 (Marine). . 

Great Western (Marine), . 

London and Provincial, 

Star Fire, 



New Orleans, La. 
Boston, Mass. 

(I H 

New York, 
London, Eng. 
New York, 



; January 15. 
January 15. 
February 9. 
December 31. 
December 3 1 . 
December 31 



The Merchants' reinsured in the Boston Marine, Feb. 9, 
1885, and the Star Fire in the Westchester Fire, the con- 
tract of reinsurance to go into effect Jan. 23, 1886. The 
Wellfleet Marine was incorporated and organized under a 
special act of the Legislature of 1885, with a paid up cash 
capital of one hundred thousand dollars. The corporators, 
previously to their incorporation, had carried on the busi- 
ness of marine insurance, irregularly, as a partnership. 
Reference was made to the matter in my annual report of 
last year. 

The Fire, Marine and Fire-Marine Companies, qualified 
(Jan. 1, 1886) to do business in this State are 188, to wit : 



Mutual Fire of Massachusetts, 
Mutual Marine of Massachusetts, 
Joint Stock of Massachusetts, . 
Companies of other of the United States, 
Companies of Foreign Countries, 

Total, 



48 

2 

16 
96 
26 

188 



Of the Home Mutual Fire companies all but two report an 
increase of surplus within the year. Each of the Factory 
Mutuals added substantially to its surplus. One of the 
Mutual Marine companies reports a gain and the other a 
loss. The aggregate gain of the Fire Mutuals is $441,210, 
and the aggregate loss of the Marine Mutuals is $27,938. 

The Rubber Manufacturers' Mutual makes a remarkable 
record for its initial year, showing amount of insurance 
written $2,646,586, surplus earned $22,000, and no loss. 
As the property it insures has been regarded in the hazard- 
ous class, and so shown by experience, the company claims 
with reason that the singular result is not altogether due to 



INSURANCE COMMISSIONER. vii 

good fortune, but credit should also be given to the pro- 
tective system adopted and pursued by the company for the 
safety of its risks. The company is organized and conducted 
on the model of the Factory Mutuals. 

Of the Home Joint Stock companies thirteen report a 
gain and two a loss of surplus as compared with 1884. The 
net aggregate gain is $631,860. The loss in surplus of the 
two Stock and two Mutuals is, in each case, slight and of no 
significance. 

The First National of Worcester has made good its capi- 
tal impairment of a year ago from the profits of its business, 
and now returns a respectable surplus. 

The Massachusetts Mutual Fire and Joint Stock com- 
panies together show an aggregate increase in 1885, of 
$2,333,593 in assets, of $1,073,071 in surplus, of $76,902,- 
354 in volume of fire business, and of $356,335 in net fire 
premiums ; while the ratio of their premium income to fire 
insurance written has advanced from 1.08 to 1.12, and the 
ratio of loss to premium income upon Massachusetts busi- 
ness has fallen from 54.70 to 42.31, as compared with 1884. 
The cash dividends declared by the Joint Stock companies 
amounted to $409,432, and the Mutuals returned $1,640,466 
in profits, or, more correctly, unused premiums, to their 
policy-holders. 

These facts indicate clearly the sound and robust condi- 
tion of our home companies, gratifying to their managers 
and to the public, and freshly confirm their well won title to 
confidence. Their gain in assets is not, however, an accu- 
rate measure of current business profits, as it is in consider- 
able part due to appreciation of investments. 

A similar commendation of the financial soundness of the 
foreign companies doing business by authority in this State, 
is justly bestowed. I have no reason to doubt the responsi- 
bility of any one. Of those which filed statements with 
this department for 1884 and 1885, seventy show a gain and 
eighteen a loss of surplus, with a net aggregate gain of 
$6,437,431. 

Certainly, the Stock Fire companies should be content 
with their Massachusetts business of 1885. It shows : in- 
surance written on property within the State, $495,986,023 ; 



Vlll 



REPORT OF THE 



premiums collected thereon, $5,582,398 ; losses, $2,477,514 ; 
only 44 per cent, or $2,477,514 of the whole premium in- 
come is used for payment of losses, while 56 per cent, or 
$3,104,884 is left for expenses and profits. They ought to 
be able to live comfortably and support their establishments 
liberally on that income. If not, they must retrench some- 
where, and not levy a further tribute upon the public. 

The tables which immediately follow are prepared for pur- 
poses of convenient comparison and ready reference. They 
are designed to exhibit broadly the financial condition and 
transactions, local and general, of the companies as a whole ; 
the magnitude of the business, and the average prosperity of 
the organizations engaged in Fire and Marine Insurance. 
Table G enables a comparison, year by year of a series of 
years, of the amount and average rates of fire insurance, and 
the proportion of losses in Massachusetts. 



Comparative Table A 


. — Massachusetts Mutual Fire Insurance 




Companies. 








1884.* 


1885.f 


Increase or 
Decrease in 1885. 


Assets including deposit 
notes, .... 


$22,244,688 


$23,818,143 


+11,573,455 


Liabilities, 


3,020,756 


3,156,510 


+135,754 


Cash surplus, . 


4,375,611 


4,816,822 


+441,211 


Income, .... 


2,981,077 


3,237,584 


+256,507 


Expenditures, . 


2,705,709 


2,727,710 


+22,001 


Risks written, . 


266,685,068 


285,621,843 


+18,936,775 


Net premiums received, . 


2,612,688 


2,834,049 


+221,361 


Risks outstanding, . 


493,206.239 


518,183,417 


+24,977.178 


Losses paid, 


802,516 


581,971 


—280,545 


Losses incurred, 


744,033 


564,934 


—179,099 


Assessments collected, 


5,803 


7,935 


+2,132 


Profits returned, 


1,386,862 


1,640,466 


+253,604 


Expenses, .... 


433,745 


471,855 


+38,110 



* Forty-seven companies. 



f Forty-eight companies. 



INSURANCE COMMISSIONER. 



IX 



Comparative Table B. — Massachusetts Mutual Marine Insur- 
ance Companies. 





1884.* 


1885.* 


Increase or 
Deerease in 1885. 


Assets, .... 


$1,354,956 


$1,291,681 


—$63,275 


Liabilities, 


247,033 


211,696 


—35,337 


Surplus, .... 


1,107,923 


1,079,985 


—27,938 


Income, .... 


412,370 


378,553 


—33,817 


Expenditures, . 


384,695 


505,516 


+120,821 


Risks written, . 


22,087,319 


21,446,471 


—640,818 


Net premiums received, . 


369,908 


341,828 


—28,080 


Losses paid, 


275,877 


310,104 


+34,227 


Losses incurred, 


298,250 


322,999 


+24,749 


Risks outstanding, . 


8,832,199 


8,470,012 


—362,187 


Expenses, . 


70,388 


67,688 


—2,700 


Scrip dividends declared, . 


61,650 


57,420 


—4,230 


Scrip redeemed, 


- 


85,405 


+85,405 


Scrip outstanding, . 


861,562. 


834,177 


—27,385 



* Two companies. 



REPORT OF THE 



Comparative Table C. — Massachusetts Joint-Stock Insurance 

Companies. 





1884.* 


1885.f 


Increase or 
Decrease in 1885. 


Cash capita], 


$6,169,200 


$6,207,200 


+$33,000 


Assets, .... 


12,152,810 


12,912,948 


+760,138 


Liabilities, 


3,793,719 


3,921,997 


+128,278 


Surplus, .... 


8,359,091 


8,990,951 


+631,860 


Income, .... 


5,941,383 


5,764,419 


—176,964 


Expenditures, . 


5,840,659 


5,092,440 


—748,219 


Fire risks written, . 


341,259,767 


363,750,057 


+22,490,290 


Fire premiums received 
(net), .... 


3,589,272 


3,724,246 


+134,974 


Marine risks written, 


114,551,582 


92,328,369 


—22,223,213 


Marine premiums received 
(net), .... 


1,807,057 


1,539,148 


—267,909 


Fire losses paid, 


2,367,831 


1,975,055 


—392,776 


Marine losses paid, . 


1,381,902 


1,020,376 


—361,526 


Fire losses incurred, 


2,387,148 


1,921,103 


—466,045 


Marine losses incurred, . 


1,414,739 


1,136,422 


—278,317 


Fire risks outstanding, 


367,316,750 


419,241,926 


+51,925,176 


Marine risks outstanding, 


20,385,651 


18,355,593 


—2,030,058 


Expenses, .... 


1,655,092 


1,679,269 


+24,177 


Cash dividends declared, . 


435,000 


409,432 


—25,568 



* Seventeen companies. 



t Sixteen companies. 



INSURANCE COMMISSIONER. 



xi 



Comparative Table D. — Fire and Marine Insurance Companies 

of Other States, 









Increase or 




1884.* 


1885.f 


Decrease in 1885. 


Cash capital, . 


$45,261,100 


$45,499,020 


+$237,920 


x\SS6LS, • • t • 


132,968,494 


139,633,791 


+6,665,297 


Liabilities, 


47,976,297 


50,547,727 


+2,571,430 


Surplus, .... 


84,992,197 


89,086,064 


+4,093,867 


Income, .... 


62,344,688 


64,595,211 


+2,250,523 


Expenditures, . 


60,515,058 


61,918,387 


+1,403,329 


Fire risks written, . 


5,428,285,787 


5,518,504,856 


+90,219,069 


Fire premiums received 
(net), .... 


46,650,398 


49,254,288 


+2,603,890 


Marine risks written, 


1,338,511,553 


1,397,924,511 


+59,412,958 


Marine premiums received 
(net), .... 


9,593,556 


9,237,590 


—355,966 


Fire losses paid, 


28,182,990 


28,191,346 


+8,356 


Marine losses paid, . 


6,226,150 


6,242,563 


+16,413 


Fire losses incurred, 


28,958,216 


28,362,648 


—595,568 


Marine losses incurred, . 


5,703,414 


5,975,500 


+272,086 


Fire risks outstanding, 


6,052,462,968 


6,533,479,558 


+481,016,590 


Marine risks outstanding, 


169,183,073 


182,250,739 


+13,067,666 


Expenses, .... 


18.812,717 


20,102,059 


+1,289,342 


Cash dividends declared, . 


5,269,212 


5,240,682 


—28,530 



* Ninety-two companies. 



t Ninety-six companies. 



Xll 



REPORT OF THE 



Comparative Table E. — United States Branches of Foreign 

Companies. 





1884.* 


1885.f 


Increase or 
Decrease in 1885. 


Assets in United States, . 


$33,829,477 


$34,971,696 


+$1,142,219 


Liabilities in United States, 


18,940,772 


18,784,560 


—156,212 


Surplus, .... 


14,888,705 


16,187,136 


-fl,298,431 


Income, .... 


27,527,306 


27,928,925 


+401,619 


Expenditures, . 


25,790,734 


24,917,629 


—873,105 


Fire risks written, . 


3,066,602,902 


3,147,155,610 


+80,552,708 


Fire premiums received 
(net), .... 


24,762,061 


25,157,588 


+395,527 


Marine risks written, 


228,628,013 


240,728,969 


+12,100,956 


Marine premiums received 
(net), .... 


1,410,886 


1,369,720 


-41,166 


Fire losses paid, 


16,989,047 


15,751,546 


—1,237,501 


Marine losses paid, . 


484,629 


629,518 


+144,889 


Fire losses incurred, . 


17,068,057 


15,072,382 


—1,995,675 


Marine losses incurred, . 


1,048,777 


1,073,684 


+24,907 


Fire risks outstanding, . 


3,030,190,721 


3,144,295,423 


+114,104,702 


Marine risks outstanding, 


23,988,236 


18,046,300 


—5,941,936 


Expenses, .... 


8,317,058 


8,536,566 


+219,508 



* Twenty-seven companies. 



t Twenty-six companies. 



INSURANCE COMMISSIONER. 



Xlll 



Aggregates of all the Companies. 





1884. 


1885. 


Increase or 
Decrease in 1885. 


Cash capital, 


$51,430,000 


$51,706,220 


+$276,220 


Assets, including deposit 
notes of Mut. Cos., 


202,550,425 


212,628,259 


+10,077,834 


Liabilities, 


73,978,575 


76,622,490 


+2,643,915 


Surplus, . 


113,723,527 


120,160,958 


+6,437,431 


Income, .... 


99,176,824 


101,904,692 


+2,727,868 


Expenditures, . 


95,236,855 


95,161,682 


—75,173 


Fire risks written, . 


9,102,833,524 


9,315,032,366 


+212,198,842 


Fire premiums received 
(net), .... 


77,614,419 


80,970,171 


+3,355,752 


Marine risks written, 


1,703,778,467 


1,752,428,320 


+48,649,853 


Marine premiums received 








(net), .... 


13,181,407 


12,488,286 


—693,121 


Fire losses paid, 


48,402,384 


46,499,918 


—1,902,466 


Marine losses paid, . 


8,368,558 


8,202,561 


—165,997 


Fire losses incurred, 


49,157,454 


45,921,067 


—3,236,387 


Marine losses incurred, . 


8,465,180 


8,508,605 


+43,425 


Fire risks outstanding, 


9,943,176,678 


10,615,200,324 


+672,023,646 


Marine risks outstanding, 


222,389,159 


227,122,644 


+4,733,485 


Expenses, .... 


29,289,000 


30,837,437 


+1,548,437 


Cash dividends declared, . 


5,704,212 


5,650,114 


—54,098 



XIV 



EEPORT OF THE 



Comparative Table F. — Massachusetts Business.* 





1884. 


1883. 


Increase or 
Decrease in 1885. 


Fire risks written, . 


§655,613,160 


$661,380,951 


+$5,767,791 


Fire premiums received, . 


7,067,149 


7,402,583 


+335,434 


Fire losses paid, 


4,226,144 


3,254,256 


—971,888 


Fire losses incurred, . 


3,865,956 


3,132,235 


—733,721 


Marine risks written, 


221,379,310 


211,473,337 


—9,905,973 


Marine premiums received, 


2,855,687 


2,745,278 


—110,409 


Marine losses paid, . 


1,874,847 


1,808,680 


—66,167 


Marine losses incurred, . 


1,810,756 


1,852,236 


+41,480 



* For details of this business see Table XIII. 



Comparative Ratios of Table F. 









Increase or 




1884. 


1885. 


Decrease 
In 1885. 


Fire premiums received to risks written, . 


1.08 


1.12 


+3.70 


Fire losses incurred to risks written, . 


.59 


.47 


— 20.34 


Fire lossess incurred to premiums received, 


54.70 


42.31 


—22.65 


Marine premiums received to risks writ' en, 


1.29 


1.29 


- 


Marine losses incurred to risks written, 


.82 


.88 


+7.32 


Marine losses incurred to premiums received, 


63.41 


67.47 


+6.40 



INSURANCE COMMISSIONER. 



xv 



Table G. — Fire Risks written, Premiums received and Losses 
incurred in Massachusetts during the Decade. 





Fire Risks Written. 


Premiums 
Received. 


Losses Incurred. 


Ratio op 


Year. 


Prem's Rec'd 
to Risks 
Written. 


Losses In- 

cur'd to Risks 

Written. 


1876 


$528,211,0.38 


$5,974,268 


$2,738,180 


1.13 


.52 


1877 


585,928,271 


5,998,124 


2.572,185 


1.02 


.44 


1878 


558,019,711 


5,506,392 


2,438,121 


.99 


.44 


1879 


520,814,369 


5,026,482 


2,500,451 


.96 


.48 


1880 


609,132,542 


5,479,752 


3,055,272 


.90 


.50 


1881 


642,542,633 


5,815,354 


2,884,047 


.91 


.45 


1882 


686,030,272 


6,244,053 


4,915,949 


.91 


.72 


18^3 


710,197,514 


6,896,367 


3,763,949 


.97 


.53 


188-4 


655,613,160 


7,067,149 


3,865,956 


1.08 


.59 


1885 


661,380,951 


7,402,583 


3,132,235 


1.12 


.47 



Massachusetts Fires in 1885. 

The department has employed all practicable diligence to 
obtain complete returns of fires occurring annually in Mas- 
sachusetts, with qualified success. The statute which im- 
poses on the local authorities of towns and cities the duty of 
making these returns, does not enforce it by penalties for 
neglect, and the department has no power but exhortation to 
induce compliance. As in former years, several towns are 
in default and make no response to repeated requests to com- 
ply with the law. The statistics will be published with the 
report in the usual tabular form. From the returns to date 
the number of reported fires in the State in 1885 was 1,802, 
involving a total loss in 482 instances, and a total aggregate 
loss of $4,134,734; as against 2,011 in 1884, of which 543 
resulted in total loss, and a total aggregate loss of $4,603, - 
871. The number is slightly less than the annual average. 
No marked difference from former years is shown in the pro- 



xvi REPORT OF THE 

portion of fires attributed to unknown and malicious and, 
what may be termed, causes preventable by ordinary care. 

Receiverships. 

By the confessed and inexcusable neglect of the receivers, 
the affairs of the Conway Mutual Fire are still open. It is 
alleged by the receivers that all the claims against the com- 
pany have been paid, and a small balance in their hands they 
anticipate the court will allow as compensation for their ser- 
vices. This they can ask with better grace if they without 
further delay complete their trust decently and in order. 
Otherwise the attention of the court will be called to the 
matter. 

The receiver of the Neptune Insurance Company informs 
the department that the sum of $1,362.69 of the final divi- 
dend remains in his hands, undistributed, for want of claim- 
ants. 

The unpaid dividends in the hands of the receiver of the 
New England Mutual Marine Insurance Company amounted, 
Jan. 1, 1885, to $583.56. There was since received from 
the bankrupt estate of the State Insurance Company of 
Illinois the sum of $2,150. The court has ordered a final 
dividend of one-tenth of one per cent, on claims of creditors, 
the residue to be allowed the receiver as compensation and 
for expenses. 

From the statement of the receiver of the City Mutual 
Fire of Boston, made to the department, Dec. 31, 1885, 
it appears that the amount to be distributed under the 
decree of the court to 194 policy-holders was $13,368.37. 
The sum of $11,827.05 has beeu disbursed to 171 policy- 
holders, leaving SI, 54 L. 32 due and payable to 23 policy- 
holders or their representatives, when they shall appear or 
be found to receive it. 

A Mutual Company's Surplus. 
This latter case may point the moral or illustrate the view 
of a subject which claimed considerable space in my last 
annual report — the indefinite surplus held by mutual insur- 
ance companies. The City Mutual Fire, organized in 1846, 
ceased business in 1878, paid all its obligations, including 



INSURANCE COMMISSIONER. xvii 

dividends to its then policy-holders of all profits earned while 
they were members, and found itself in possession of a con- 
siderable surplus fund, the equitable property of nobody un- 
less of its former policy-holders whose rightful dividends of 
profits had been withheld to create it. But the fund had to 
be disposed of, and the court, it would seem from reasons of 
convenience rather than any considerations of equity, ordered 
it to be distributed among the persons who held policies 
within two years of the date the company ceased business. 
The result is, the fund is given to a class of policy-holders 
least entitled to it, because they had already received their 
full share of profits. They number 194, and the average 
share of each is about $70. Each of these persons, made 
beneficiaries by the decree of the court, got his insurance, 
his return dividend of premium surplus left after payment 
of his share of losses and expenses while his policy was in 
force, and now gets in the distribution of the final surplus to 
which he contributed no part, a sum equal to about fourfold 
his entire original premium. Whatever else this may be, it 
is not equity. The action of the court may be warrantable 
by the exigency of the case, but it is difficult to justify the 
law, or neglect of law, which permits such a condition to 
arise. 

Insurance in unauthorized Companies. 

The statute forbids insurance by unlicensed companies 
and denounces penalties upon the agent who negotiates it, 
but, inconsistently declares the contract valid, if made, and 
lends the power of the State's courts to enforce it. I sup- 
pose the object in giving validity to the illegal contract was 
the protection of the citizen ; but why should the State pro- 
tect its citizen who violates its laws? The law against such 
insurance, vulgarly styled " underground insurance," designs 
the protection of the public from irresponsible insurers, and 
the collection of our revenue charged upon insurance trans- 
actions. Insurances illegally effected in unauthorized com- 
panies pay no tax. Whatever question may be made of the 
wisdom of the legal prohibition or of the justice of the tax, 
the law is clearly within the police power of the State and 
entitled to respect while it has place in our statutes. 



xviii REPORT OF THE 

A year ago, yielding to the representation that in certain 
cases property owners could not obtain, in authorized com- 
panies, insurance enough for their protection, the legislature 
passed an act to enable the property owner in such case to 
procure additional insurance in a lawful mode. Under that 
act, nineteen persons have been licensed with authority to 
negotiate with foreign unauthorized companies contracts of 
insurance upon property which authorized companies will 
not insure. Affidavits by these licensees of their inability 
to procure of authorized companies the desired insurance, 
together with certificates of all insurances effected, and the 
premiums charged thereon, are filed with the Commissioner; 
and they are under bonds to annually make returns of the 
gross premiums charged for such insurance and to pay a tax 
of four per cent, of such premiums to the State Treasurer. 
As the tax is double that charged upon the authorized com- 
panies, and the business done is that which they refuse to 
transact, the law operates, in no manner, to their prejudice. 
By this provision, every citizen is enabled to obtain, by law- 
ful means, all the insurance he needs, and the plea of neces- 
sity can no longer be set up to excuse a violation of the law. 
If he chooses to make a contract in contempt of the law, he 
sins with knowledge and acquires no rights the State should 
recognize or enforce iu its tribunals. I advise the repeal of 
section 200 of chapter 119 of the Public Statutes, and the 
passage of an act declaring void all unauthorized contracts 
of insurance. 

From the returns filed with the Commissioner, it appears 
that the insurance effected under the provisions of chapter 
300 of the Acts of 1885, reported to date, amounted to 
* 1,291, 701. 50, and the grosspremiums thereon, to $24, 983. 89. 
But for the Act, it is probable that the whole or principal 
part of this business would have been illegally done and 
have escaped taxation, to the profit of parties other than the 
assured. The statute is of public value iu that it is an aid 
to our revenue, and enables the law-respecting citizen to 
supply his wants without resort to insurauce smugglers. 
An inquiry as to the companies iu which these surplus Hues 
of insurance are placed, discloses their generally doubtful 
character and financially weak condition. They are prob- 



INSURANCE COMMISSIONER. xix 

ably the best of the unauthorized companies. But, the fact 
is, that nearly all the companies of sufficient responsibility 
to be worthy of trust (and which desire to do business in 
Massachusetts) have qualified under our laws. As good 
citizens, respectful to the laws, and as prudent persons, 
careful of their interests, the people of the Commonwealth, 
unless compelled by their necessities, should deal only with 
the well-established and responsible companies which do 
business by sanction of the State. The common sense of 
the public ought to suffice to suppress the operations of 
unworthy adventurers in the insurance field. 

Bonds of Insurance Agents. Assessment and Collection 
or Taxes on Foreign Companies. 

Every insurance agent, except sub-agents of life compa- 
nies, must give a bond with sureties in the sum of two thou- 
sand dollars to the treasurer of the Commonwealth as agent 
for each foreign company he represents, conditioned that he 
will make all returns and pay all taxes, etc., he is required 
by law to make and pay. These obligations which the agent 
is thus obligated to perform are really the obligations of his 
principal for the discharge of which he is made personally 
responsible. Some of the agents represent a score or more 
of companies and must qualify in a separate bond of two 
thousand dollars on account of each. An act of the last 
legislature makes it the duty of the Commissioner to annually 
verify the sufficiency of these bonds, nearly three thousand 
in number, involving much labor to the department and an- 
noyance to the agents. These bonds are a burden not justi- 
fied, in my opinion, by any object they serve. While the 
plan occasions inconvenience and vexation to individuals, the 
public purpose it was designed to serve can be accomplished 
more satisfactorily by a simpler and less troublesome pro- 
cedure. 

The State imposes upon each foreign insurance company 
an excise tax upon all premiums collected for insurances 
made upon property in the State. The several agents of 
such company in the State annually make returns to the 
tax commissioner of the premiums collected by them, and 
upon these statements the tax is assessed. Why should not 



xx KEPORT OF THE 

this statement be made by the company itself, and include 
all collected premiums from whatever source subject to tax- 
ation. I have reason to believe that, under the present sys- 
tem, our revenue is a loser, as the tax is collected only upon 
the premiums received by the bonded agents. Were the 
statements made directly by the companies, they would in- 
clude all reported by the agents and also the premiums re- 
ceived from other sources for which the company is liable to 
be taxed, but which escape taxation from absence of provision 
for their return to the tax commissioner. How large the 
latter item may be I cannot estimate. But instances have 
come to my knowledge of insurances made and premiums 
received by foreign authorized companies, other than by or 
through their responsible agents in this Commonwealth, and 
of such no record is made for taxation. Whether a foreign 
company, admitted to do business here, may lawfully transact 
business by other than its licensed agents, under the statute 
conditions, may be open to controversy. But it is clear that 
if it does so transact business it is liable to pay a tax upon 
it, and the State, for the protection of its revenue, should 
provide to enforce the liability, which the mode in use does 
not. 

If the company, instead of its several local agents, shall 
make the premium income statement, one obligation of the 
bond, its more personal part, terminates. The other obli- 
gation is to pay the taxes, fines and penalties the company 
may be liable for under the laws. In effect, the agent and 
his bond are made surety for the performance by the com- 
pany of its obligations to the State. Now, it would seem, 
that if a foreign company is of sufficient responsibility to be 
admitted to make contracts with the people, the State ought 
to be content with its responsibility for the payment of 
debts it may owe the State. But if the State wants a col- 
lateral pledge, it should exact it of the company, as a con- 
dition of its privilege to do business, and not require it of 
citizens who enter the local employment of the company 
upon the faith of the State's certificate that it appears to be 
financially sound and responsible. 

Upon an examination by the department pursuant to chap- 
ter 32 of the Acts of 1885, it appeared that the whole num- 



INSURANCE COMMISSIONER. xxi 

ber of bonds of insurance agents in the custody of the State 
treasurer was 2,713. Of these the sufficiency of 1,816 was 
verified to the satisfaction of the Commissioner, 103 were 
of agents whose agencies had terminated, and 794 were 
found defective by reason of the death, removal from the 
State, or other disqualification, or want of evidence of the 
responsibility of sureties. Of the defective bonds all but 
two were replaced by new and satisfactory ones. Incident 
to the examination, it was disclosed that agents of the Trav- 
elers' Insurance Company, of Hartford, in its accident branch, 
to the number of 122, reporting their business directly to 
the Company and not to a principal agent within the State, 
have never given bond to the State treasurer. The same 
appears in the case ot certain agents of the Fidelity and Cas- 
ualty Insurance Company of New York. The original licen- 
ses were issued to these agents by the department in former 
years, for some unknown reason, without compliance with 
the statute, and renewed, in course, from year to year, upon 
the assumption by the present Commissioner that the proper 
bonds were given and in the custody of the treasurer. It is 
inferred that no returns of premiums collected by these agents 
were made to the tax commissioner, and hence that the pre- 
miums escaped taxation. No fault is imputed to the com- 
panies, unless it be neglect to make returns for assessment 
of the tax, which does not seem a matter of legal obligation. 
The agents will be required to give bonds unless some action 
of the legislature shall intervene. They do not fall within 
the proviso of the statute which exempts from the obligation 
to give bonds the sub-agents of life companies who report 
their business to a principal agent within the State, though 
the reason of the exemption seems equally applicable to them. 

Are our Fire Insurance Companies Safe? 
Not absolutely so. But a company established on the ba- 
sis of Massachusetts law and practice is probably safe. That 
is, judging future probability by past experience, it is safe 
against the ordinary contingencies which enter into business 
calculations. Within the last quarter century no such com- 
pany has failed to pay its losses, except those overwhelmed 
by the losses in the Boston fires of 1872 and 1873. Ex- 



xxii EEPORT OF THE 

traordinary conditions may wreck the strongest of the exist- 
ing establishments. 

Our companies really insure to the extent only of their 
respective assets. The insurance paying fund of a stock 
company is its capital, and accumulation, and premium in- 
come. Similarly of a mutual company, its insurance ability 
is limited to its cash premium fund and notes. If a com- 
pany's expenses and losses exceed the sum of these resources 
it becomes insolvent, and cannot perform its contracts. The 
actual contract is, as though plainly written in the policy, to 
pay the stipulated loss indemnity, provided its funds prove 
sufficient for the purpose. 

Under this system the policy-holder gets all he pays for. 
He has the protection of the fund he contributes his share 
to create. It may, and probably will, suffice for his pro- 
tection. But it is not absolute insurance. Nor is it, in the 
opinion I entertain, the best or true system. 

What it would seem a man should desire from insurance, 
is the certainty that if his property burns he will be indemi- 
fied for his loss beyond peradventure. This he does not get 
under any plan in use. He is still exposed to the peril of 
unusual occurrences and unavoidable bankruptcies. Would 
he have absolute safety ? It is quite feasible, but he must 
pay the price. He cannot limit his liability to contribute his 
share, however much it be, to make good the losses his as- 
sociate assured may suifer, and still compel an absolute lia- 
bility on their part to make good his loss. Liability limited 
only to the amount needed to indemnify all loss, is the con- 
dition of perfect assurance. Such complete protection is as 
practicable in insurance upon the stock plan as upon the 
mutual. Under one or the other mode, it needs simply to 
provide that in case the original provision for the payment 
of losses proves inadequate, the deficiency shall be supplied 
from proportionate mutual contributions by the assured. 
Ordinary misfortunes to the individual from fire accidents, 
let us assume, are reasonably provided for by the existing 
methods of insurance. Is it prudence to "make assurance 
doubly sure," and provide means of protection against ex- 
ceptional casualties that may occur, and the possible failures 
of insurance companies as now established ? I do not advise 



INSURANCE COMMISSIONER. xxiii 

coercive legislation. But I wish the public may have a clear 
apprehension of the quality of the insurance they now get, 
and how to obtain better if they desire. If they buy and are 
content with the partial insurance afforded by the established 
mode, the sole responsibility is theirs. The State cannot 
make certain that which in its nature is uncertain, nor can it 
deny to the citizen the liberty to make a contract of condi- 
tional insurance only. 

Cost of Fire Insurance. 

Once more, with justifiable iteration, I call attention to a 
matter the people should not be indifferent to, as it touches 
their individual thrift, — the cost of insurance. Have the 
public a grievance in the price they are charged for insurance 
protection ? 

The elements of cost are the losses, profits to capital, ex- 
penses of transacting the business, and taxes. 

Whether the taxes imposed upon the franchise and busi- 
ness of insurance companies are equitable and just, is a ques- 
tion for the advisement of the fiscal authorities, and the ac- 
tion of the legislature. I do not discuss it, other than by 
the suggestion that such revenue is drawn from the assured 

CO 

public, with the corporations mere conduits through which it 
flows, and proportionately increases the cost of insurance to 
the people, aud its expediency and justice should be viewed 
from that point of observation, and not from a prejudice that 
the tax is a fair tribute levied upon privileged corporations 
endowed by government with valuable franchises. 

Whatever reduces the fire loss by the preservation of 
property from destruction by accident or malicious design, 
serves two uses ; it saves useful values and so protects the 
general prosperity, and it reduces the cost of insurance and 
so is a benefit to individuals. This subject I have en- 
deavored to exhibit in a manner befitting its importance, in 
this and former reports to the legislature. 

Some ignorantly complain that they are over-charged for 
insurance by the avarice of the companies. Better informa- 
tion of the facts would dismiss that complaint as unfounded. 



xxiv REPORT OF THE 

The gains of the companies are not unreasonable. Indeed, 
of late years, the profits have been so uncertain and moder- 
ate that considerable insurance capital has been withdrawn 
for safer and more profitable investment. 

Two-fifths and more of the price paid by the public of the 
country for fire insurance is chargeable to the support cost 
of the insurance establishments. That is, speaking approxi- 
mately, of a hundred million dollars collected of the assured 
public, less than sixty million goes to the payment of indem- 
nity, while more than forty million is expended to carry on 
the machinery by which the distribution is made. Is this 
enormous expense cost unavoidable, or is it due to some 
fault capable of amendment? I have made some investiga- 
tion, and record my conclusions. 

As indicated above, I do not find the item of profit to the 
invested capital excessive, though sufficient. The taxes and 
other public exactions amount to but two per cent., and a 
small fraction over, of the total cost. Nor do I discover 
serious fault in the compensation of the proper officers and 
agents of the companies. But when I contemplate the item 
of disbursement for commissions, which amounts to nearly 
or quite a half of the whole expense cost, I marvel at the 
toleration of the abuse and the patience of the people. The 
country suffers itself to be taxed annually an immense sum, — 
probably, at a conservative estimate, upwards of twenty 
millions of dollars, — for the support of a numerous army of 
insurance brokers and superserviceable agents, who produce 
nothing and serve no valuable use whatever. I believe that 
the people of Massachusetts pay each year for fire insurance 
a sum beyond its fair cost under an economical administra- 
tion of the business upon correct methods, equal to the an- 
nual State tax. They paid in net cash premiums (return 
premiums deducted) in 1885, $6,347,435, and the loss in- 
demnities of the year amounted to $3,132,235. The expense 
cost of their insurance — i. e., the charge for collection of 
premiums and disbursement for losses — was $3,215,200, 
more than half the whole cost. Fifty-six per cent, of their 
premium payments to stock companies went for expenses 
and profits, and -forty -four per cent, only to pay losses. And 



INSURANCE COMMISSIONER. xxv 

yet the companies do not realize great profits. They even 
complain that their business is unprosperous. 

Retrenchment in other respects may be possible, but the 
principal extravagance is in the getting of business, not the 
doing of it, and the chief offender is the broker, and his 
equivalent, the superfluous agent on commission. If, as it 
does not, the ordinary negotiation of insurance called for 
special knowledge and skill, the insurance broker would have 
an excuse to be. Personally he may be reputable, but as a 
procurer and hawker of business for rival companies to bid 
for, at the public's cost, he is superfluous and burdensome. 
Brokerage, between the insurer and the public, is the fungus 
growth of costly competition, and has so attached itself to 
the body of the business that the companies, though they 
feel and confess the burden and would gladly be rid of it, 
seem so subject to the despotism of habit as to lack resolu- 
tion to cast it off, and, I fear, will not, until the force of law 
or of public opinion compels it. 

The broker is able to sometimes command as high as 
twenty-five or thirty per cent, commission for the business 
he controls. The companies have made an effort to limit 
broker commissions to a maximum of fifteen per cent., 
but so far without success, because of the refusal of a few 
companies to join in the compact. The remedy is simple 
if the companies choose to apply it. The people are en- 
titled to insurance as cheaply as it can be furnished, the 
price not loaded with needless expense. If any one sees fit 
to employ a broker to negotiate his insurance, let him pay 
for the service. And let him who prefers to save such waste- 
ful expense be enabled to deal directly with the principal or 
his agent, and obtain his insurance at legitimate cost, which 
includes, of course, the reasonable expense of local ageneies- 
for the public convenience. I am loth to advise legislation, 
but the abuse is grievous ; and if the companies do not re- 
form it, the State may properly interpose for the public pro- 
tection. Whether present action is advisable I refer to the 
judgment of the legislature. 



xxvi REPORT OF THE 

A Public and Private Evil. — How to Combat it. 
Property of the estimated value of about $95,000,000 
perished profitless by fire in 1885 in the United States, a 
decrease of about $15,000,000 from the same casualty record 
of 1884, but enormous. The record is a sad one and a re- 
proach to the enterprise and thrift of our people and the 
efficiency of our government as compared with other govern- 
ments and peoples. The subject concerns so importantly 
our material prosperity that its agitation cannot be forborne, 
though results be slow and discussion irksome, until public 
attention is actively interested in it, nor until such condi- 
tions of protection to property are established as shall con- 
tine the ravages of the element to its natural spoil of un- 
avoidable accident. 

The wilful destruction of property, by the inducement of 
profit to its owners, is responsible for a fraction of the waste ; 
how large, is not capable of reliable estimate ; not so large, 
I trust, as some conjecture ; but considerable enough to be 
sorrowful both to the economist and the moralist. Careless- 
ness, induced by the sense of safety afforded by insurance 
and by the knowledge that, if loss happens, indemnity will 
follow to repair it, is a more potent if less wicked factor. 

Insurance companies often insure property for its full 
value, and not seldom for more. The owner, if it burns, 
can recover every dollar of his loss. He has not the motive 
of self-interest to protect it. Often its loss by the peril in- 
sured against would be to his profit. The result is the 
destruction of property by neglect of reasonable care for its 
safety, and by criminal contrivance. The remedy is largely 
within the power of underwriters, but not altogether. The 
responsibility in this particular rests with insurance. Doubt- 
less without any insurance the fire loss would greatly dimin- 
ish, because of the larger diligence for the protection of 
property exercised in its care. But the individual martyrs 
would be more numerous and the personal hardships more 
onerous than a generous Commonwealth should insist upon 
as sacrifice for such a measure of public good. And the 
saving to the public wealth would poorly compensate the 
disturbance of commercial credit'and the anxiety and d : squiet 



INSURANCE COMMISSIONER. xxvii 

of every owner of property exposed to perils from which 
his utmost vigilance could not protect. The proposition to 
cure the incidental mischief of insurance, by the abolition of 
insurance, is too radical for popular acceptance. We must 
seek other remedy or endure the fault. 

Should underwriters refuse to insure property for its full 
value, so that the owner will always have a substantial money 
stake in its preservation, the source of loss arising from the 
interest of the owner to destroy it, or his want of interest to 
defend it, would close up. An impediment, perhaps insur- 
mountable, to the application of that remedy to the full 
extent, may be the popular demand for full protection by 
insurance. In that case, the only resort left us is to impose 
upon the assured a legal obligation to take care that the 
property does not perish for want of ordinary diligence on 
his part, and to make his right to recover for his loss con- 
ditional upon his performance of the obligation. 

In other countries the laws have gone to the extent of 
limiting insurance to loss or damage from fire orionnatins: 
outside the insured premises, leaving the owner responsible 
and remediless for injuries done by fire confined to premises 
under his control. Such extreme legislation would not find 
favor with us. It asks an impossible diligence and leaves 
the assured defenceless against the misfortune of unavoidable 
perils, with which the genius of our time would not be con- 
tent. But it is both reasonable in itself, and demanded by 
justice, that a person shall not suffer his property to be de- 
stroyed by his fault and then be indemnified for the injury. 
For, it is important to remember, insurance indemnities are 
paid from the contributions of the mass of insured persons 
which supply the means of payment ; and under a system 
which pays indemnities for losses caused by the loser's fault, 
injustice is done to the prudent by wrongful taxation to 
repair the waste of the imprudent. Thereby insurance 
departs from its proper province, the relief of misfortune, 
and the law offends wise public policy when it encourages 
improvidence by enabling it to escape the just penalty of its 
error. The legal obligation, with penalty of loss of indem- 
nity for neglect, would recreate in the owner of property 



xxviii REPORT OF THE 

the self-interest to care for its safety which full insurance 
destroys. 

If the proportion of fires attributed to malice and design 
approximates the truth, even remotely, the prevalence of 
incendiarism and the injury inflicted upon the public is a 
fact of startling import, and the inefficiency of our criminal 
jurisprudence to prevent or punish the odious crime is pain- 
fully manifest. That the police and judicial administration 
is derelict in any degree I would not intimate. The crime 
is of a nature favorable to concealment of the evidences 
which might reveal the guilty fact and discover the criminal, 
especially when committed by the occupant and owner. 
The success of the criminal attempt is quite sure to destroy 
the principal proof. But an effort should be made to im- 
prove the efficiency of the laws in that behalf. A cumbrous 
mode is provided by statute, by which judicial inquest may 
be made into the cause of a fire when it appears probable 
that it was of incendiary origin. But the statute is rarely 
resorted to, and was designed for cases where the evidences 
of crime are well defined, and not for general inquisitorial 
use. What investigations are made are chiefly by insurance 
agents, under conditions not favorable to a full disclosure of 
the facts, without aid from the public authorities, and often 
in the hostile face of vicinage prejudice, which amiably, per- 
haps, but unjustly, sympathizes with the individual against 
the corporation. My view is that much may be done for the 
abatement of the crime if efforts proportioned to its gravity 
are made by the public authorities. Thorough inquests and 
reports of the origin, nature and results of all fires, inno- 
cent or malicious, should be made. Two useful objects 
might be served thereby : (1) the discovery and punishment 
of crime ; and (2) authentic information in regard to tires, in 
aid of laws and expedients adapted to their prevention. 

The adoption and enforcement of regulations controlling 
the construction, use and maintenance of structures liable to 
burn, and the circumstances of neighborhood environment 
in respect to danger of conflagration, seems the method by 
which State and municipal authority can operate with best 
effect. Much has been well and usefully done by public 
provision and individual enterprise for the extinguishment 



INSURANCE COMMISSIONER. xxix 

of fires, the benefit of which in the rescue of immense 
values from otherwise sure destruction is beyond computa- 
tion. We should relax no endeavor in that direction. But 
while it is excellent to provide the most effective means to 
put out a fire and limit its ravage when it occurs, it is more 
excellent still to prevent its occurrence when possible, or to 
render it less formidable to combat when unavoidable. 

To compel owners to put existent structures in the same 
safe condition as may be enforced in new construction is not 
practicable. Nor can our already closely built communities 
be radically reformed to meet safe neighborhood relations. 
Yet in that feature of improvement much may be done with- 
out private injustice. The liberty of the individual to use 
his property as he pleases does not authorize him to so main- 
tain it as to endanger his neighbor in life, health or estate. 
And it is wholly practicable, by the energetic pursuit of in- 
telligent measures as regards reconstruction and the reform 
of obviously unsafe conditions in compact neighborhoods, to 
largely reduce the waste by fire in those quarters. But 
municipal law may most usefully assert itself in regulations 
to govern the laying out and building up of new sections. 
As to these, the law should enforce requirements which shall 
satisfy all reasonable demands of safety and render a wide- 
spread conflagration impossible. 

Whether regardful of health, convenience, or security from 
fire, and the dangers incident to common thoroughfares of 
travel and traffic, or of the comeliness which consists with 
and graces utility, no populous neighborhood should be built 
up as most of our towns and cities of earlier date were, nota- 
bly the principal sections of old Boston, with narrow, irreg- 
ular and inadequate ways and places, and without forecast 
and provision for public safety and needs. There is land 
enough available for the wants of trade and habitation to 
spare an ample part for the uses of public enjoyment and 
protection. We can afford to build new foundations on a 
liberal scale, with observance of all the circumstances which 
make secure, commodious and comely communities. 

Absolute fireproof construction is not anticipated, as a 
rule, even in wealthy centres. If possible, it is too costly 
for universal use, and otherwise objectionable. The charac- 



xxx REPORT OF THE 

ter of the materials used is an important part, but only a 
part. Wooden Galveston burned, so did granite Boston. 
And the great extent of destruction in each was due to other 
faults for which ignorance or carelessness are to blame. To 
so build as that tires shall never occur may be beyond human 
skill or practical wisdom. But we may so build, and so 
provide, as greatly to lessen the frequency of fires, and limit 
their depredations. To accomplish this, zeal must work 
with intelligence, and call to its service the information which 
practical art and scientific knowledge can give. A clear 
apprehension of the sources of danger is precedent to com- 
petent measures to avert it. A large proportion of fires are 
from unsuspected causes, which, if known, might easily be 
avoided, and would be known but for ignorance of what 
should be familiar. Ignorance shares with carelessness the 
ignoble responsibility for a great part of our fire loss. The 
need in country and town is a better education as to the con- 
ditions which make for safety and the circumstances which 
invite danger. Those of our fire companies which have 
adopted a system of inspection in connection with their 
insurance transactions, of which the Mill Mutuals are con- 
spicuously pioneer, perform a valuable service in the demon- 
stration they make of the value of skilled inspection to 
discover and expose dangerous conditions not visible to the 
ordinary observer, and of which even the careful and gen- 
erally intelligent owner had no suspicion. They educate the 
people in useful knowledge, while they protect themselves 
and their clients. The establishment of a State system of 
fire prevention, which shall have cognizance of and be charged 
with duties in the enforcement of judicious laws for the 
inspection of property exposed to fire accidents, for the 
extinguishment of fires by public or private provision, and 
for regulating the building and maintenance of perishable 
structures, and other kindred laws, is a proper subject for 
discussion, with cogent arguments in its favor. The author- 
ity of the State in the premises is clear and the only question 
is of expediency, how far to assert it and by what measures. 
By an act of the last legislature a "Department for the 
Inspection of Buildings" was created in the city of Boston, 
under control of the municipal authorities, subject to the 



INSURANCE COMMISSIONER. xxxi 

provisions of the statute. The law seems wisely adapted to 
its purposes, and if enforced with fidelity and vigor must 
produce results of high importance. So far as adaptable to 
local circumstances, similar provisions of law should be put 
in operation in all the cities and towns of the Common- 
wealth. 

The practical value of building and inspection laws will 
depend upon their administration. A code of laws may 
adorn the statute book and yet serve no public use. Private 
interest is ordinarily more active than public spirit, and in 
the execution of laws which subordinate the immediate inter- 
ests of the individual to the common good, the personal 
hardship by their enforcement is apt to provoke more sym- 
pathy than the public injury from their neglect. To compel 
obedience to these laws may, in instances, occasion preju- 
dice to the owner in the present enjoyment of his property ; 
but such a consideration cannot justly be weighed against 
the demand of the common safety, and ultimately all will 
share the common benefit. Rightly understood, the import- 
ance of the objects sought should, and I have no doubt will, 
command an earnest popular opinion to the support of the 
authorities in a zealous administration of the law. 

What Insurance Companies have done. — Power and 
Need of Combination. 
A powerful auxiliary to public effort is found in the enter- 
prise of the insurance companies to classify their risks and 
proportion their charges for insurance to the relative hazard 
of each, in the manner of the New England Insurance 
Exchange. The plan is simple, though its execution asks 
much skill and judgment and conscientious labor. Briefly, 
the hazard of each risk is estimated by a consideration of the 
condition and all the circumstances of the property affecting 
its liability to fire accidents from any source, external or 
internal to the premises, as also the public or private provi- 
sion made for the extinguishment of fires. A standard of 
perfect risk is set up, with a fixed or base rate of insurance 
charge. For each defect in the particular risk by which 
the standard conditions of safety are impaired, an added 
charge is made, equal to the increase of the hazard by reason 



xxxii REPORT OF THE 

of such defect. When the assured improves the character 
of his risk by added means of protection or the removal of 
dangerous conditions, his charge for insurance is reduced in 
proportion to reduction of hazard. The system is seconded 
by competent inspections from time to time. This procedure 
was instituted by the Mill Mutuals, and carried on by them 
with so admirable results, which it has been my official 
privilege to recognize and commend, that the stock compa- 
nies have adopted it and are working it by system and with 
most excellent effect throughout Xew England. It promotes 
equity and justice to the assured public, charging each his 
fair share of the cost of insurance protection, which share 
must be measured by the hazard he is protected against. It 
induces the property holder to better provide for the safety 
of his property by the reward it offers of a lcs> insurance 
charge. As the absence of an effective fire department and 
other public provision for protection of property is rated to 
increase the hazard, and hence the cost of insurance, it 
inspires an interested popular influence to demand in towns 
and cities the maintenance of these essential equipments of 
w T ell-ordered communities. 

The facts set forth and deductions therefrom made by Ed- 
ward Atkinson, president of the Boston Manufacturer-' 
Mutual, in a recent report of the transactions of the nine- 
teen associated Mill Mutuals, possess a significance of no 
common sort. Before the application of their methods of 
protection and avoidance the class of property these Mutuals 
insure was certainly not below the average hazardous ; and, 
under equal conditions, it might be expected to suffer at least 
an average proportion of loss by fire. But the fact shows a 
remarkable disproportion. The amount of insurance writ- 
ten in 1885 by the Mill Mutuals was $405,570,168, the 
losses were $521,163.30, the ratio of loss to insurance 
was .13. The Stock Companies which report to the Massa- 
chusetts Department wrote, of fire insurance, in 18^5 the 
amount of $9,029,410,523, the losses were $45,356,133, 
and the ratio of loss to insurance was .50. The propor- 
tion of loss suffered by the Stock Companies is thus shown 
to be nearly four times greater than the loss suffered by 
the Mutuals. What fires have been prevented and what 



INSURANCE COMMISSIONER. xxxiii 

amount of property saved by the agency of these protective 
methods, that otherwise would have been lost, is, of course, 
not definitely computable. But a comparison of the actual 
experience, before and since the enforcement of the system, 
is proof conclusive, if any one could doubt without such 
demonstration, of its great usefulness. An intelligent cal- 
culation of the results of eight years' operation, estimates the 
cost of improvements and preventive appliances incident to 
the system within that period at less than one and a half mil- 
lion of dollars, while the reduction in cost of insurance, 
from concession in rates on account of improvement of risks 
and from increased return premiums, amounts to more than 
three million dollars. So that the mill-owners, in addition 
to the enhanced value of their property from the improve- 
ments made, have been already reimbursed their improve- 
ment expenses, with a clear profit of as much more. An- 
other important consideration in the estimate of the benefits 
of the system as applied by the Mill Mutuals is that it not 
only saves property from utter waste, but also protects pro- 
ductive capital and labor from the damage and distress inci- 
dent to the interruption of industrial pursuits, whereby the 
capitalist, the laborer, and the common prosperity suffer 
together. 

No disparagement of the Stock Companies is intended by 
the comparison made. The Mill Mutuals, by reason of the 
uniform character and isolation of their risks, and other cir- 
cumstances, are given a field peculiarly favorable to the 
operation of their plan. Ah equal approach to perfection in 
method and result cannot be .expected of insurers of risks of 
a miscellaneous sort. But there are large masses of prop- 
erty so placed and of such quality that the system of inspec- 
tion and prevention may be adapted to it as effectively as to 
the Manufactories. And all classes of risks are improvable 
by the use of means suitable to their condition. 

What has been done by the Stock Companies or by the 
Mutuals to reduce losses by protection from hazards is the 
achievement of concerted action by the companies. And 
only by similar loyal combination in a common purpose can 
the enterprise go forward successfully. The persons who, 
from jealousy of some injustice the association may possibly 



xxxiv REPORT OF THE 

do, would by law prevent such combination, may mean well, 
and may be pardoned for that they know not what they do. 
Nevertheless, should they succeed in their unwise effort, they 
will frustrate an enterprise of most excellent promise to the 
common welfare, and inflict a greater injury upon the public 
than upon the companies — an injury without compensation. 
When that exigency occurs, (which some individuals think 
even now exists) that the State is obliged, for the protection 
of the people, to establish the rates of insurance charge, it 
should pursue the policy to the logical end, and itself assume 
the conduct and responsibility of the business, or at least 
become responsible to stockholders for fair dividends and to 
policy-holders for payment of their losses. That such exig- 
ency exists or is likely to arise, or that a commission or 
other public authority would more satisfactorily adjust the 
rates than the companies acting together can and will, if 
allowed, I do not believe or anticipate. 

New Hampshire Insurance Legislation — 1885. 

An event of the year, provocative of earnest feeling on the 
part of underwriters and of the public, was the enactment of 
certain legislation by the State of New Hampshire, followed 
by the withdrawal of the fire insurance companies, in a body, 
from the State, with the declaration that they could not safely 
and would not attempt to transact business on the terms dic- 
tated by the law. 

While the incident immediately concerns the State of New 
Hampshire, the principles it involves are broad as the system 
and of universal concern. 

The action of the companies was the exercise of an un- 
doubted risht, as was the action of the legislature. Bv the 
highest judicial authority it is established that a State may 
prescribe the terms and conditions, precedent and subsequent, 
upon which a foreign insurance corporation may do business 
w T ithin the political jurisdiction. Equally indisputable is the 
right of the corporation to decline to do business upon the 
terms and jconditions imposed. In that regard, the right, 
nor, under our institutions, the might, of the sovereign State 
is not superior, in independence or dignity, to the private 



INSURANCE COMMISSIONER. xxxv 

right and power. No proper State pride is affronted. The 
parties are equal. The one rejects the proposals of the other. 
If the State chooses it may without humiliation re-open the 
matter and attempt an adjustment, amicable and mutually 
advantageous, on the basis of respect for mutual rights. 
Whether the withdrawal was politic, from a business stand- 
point, is not so clear ; but that was a question of expediency 
for them to decide and abide the consequences. The results 
of the controversy cannot affect the principle. The State 
may recede, the companies may submit and return ; other 
companies may be organized within the State or come in 
from abroad under the law. But the situation is clear, as 
also the alternative. If the people of New Hampshire or of 
any State are to have insurance, the companies must be 
permitted to transact it on terms they will consent to, or, 
if the State imposes conditions the companies will not accept, 
the State itself must insure. The occasion has not arisen, 
nor is likely to arise in this country until private enterprise 
shall languish to its death, when the latter expedient will 
command serious consideration. 

But in all social relations the reasonableness of the con- 
duct of men, private citizens or constituted lawmakers, as 
affecting their fellows, is fair subject of respectful debate ; 
and as the New Hampshire legislation may be urged as 
precedent for legislation elsewhere, some discussion of it 
here seems not inappropriate and may be useful. 

The statute has three principal features which the com- 
panies deem obnoxious. First — The prohibition on pen- 
alty of revocation of its license, of any company litigant 
applying for removal of a suit from the State to the federal 
courts. Second — The prohibition, with like penalty, of any 
company entering into a compact or combination with other 
companies to govern or control the rates charged for tire 
insurance. Third — The valued policy clause, so called, 
which provides that in case of a total loss of real estate or 
buildings by fire or other casualty the assured shall be en- 
titled to recover the full amount written in the policy, and 
no evidence shall be admissible to prove the true value of 
the property and the actual loss. That is, the owner gets 
the whole insurance, though the value of the property, and 



xxxvi REPORT OF THE 

his consequent loss by its destruction, was greatly less. The 
sole exception is where the procurement of over-insurance 
by fraud of the owner can be shown. 

Venue of Suits against Foreign Companies. 

To the provision which forbids the transfer of suits to the 
Federal courts, thereby in effect giving exclusive jurisdic- 
tion to the State courts, I discover no sound objection. It 
simply requires of a foreign corporation that, in respect to 
controversies arising out of its transactions with citizens of 
the State, it shall occupy the position of a citizen of the 
State, and submit the settlement of such controversies to 
the decision of the established State tribunals, the same as 
home corporations must do. It impairs no constitutional 
privilege which a foreign corporation may not fairly be 
called upon to waive as a condition of its franchise to do 
business in the State. Furthermore, it secures the citizen 
in his reasonable right to demand justice, without needless 
delay or cost, in convenient tribunals competent to adjudge 
his cause. 

Legal Prohibition of Combination. 

The invidious prohibition which the statute puts upon the 
liberty of the companies to consult, combine and agree with 
each other upon matters of vital moment to the success of 
their business, such as the classification of hazards and the 
determination of premium rates, is not so defensible. Such 
liberty of association is enjoyed in all departments of indus- 
try and traffic, and by persons and corporations engaged in 
vocations and enterprises as intimate to the common welfare, 
and as capable of selfish abuse, as insurance is. It is a lib- 
erty often essential to the successful conduct and best 
results of commerce, and to be justly infringed by the civil 
power only upon clear demonstration of its misuse to the 
public detriment. What insurance companies have done to 
merit the proscription of this natural right I have yet to 
learn. The profits in recent years to capital invested in fire 
insurance do not invite popular jealousy nor support the 
complaint that the people are overcharged for insurance that 
stockholders may be enriched beyond the fair rewards of 



INSURANCE COMMISSIONER. xxxvii 

their investment. Underwriters ought to associate to secure 
uniform and just rates proportioned to the hazards they 
insure, intelligent and safe methods, and to avoid the reck- 
less and ruinous competition from which, for want of such 
honorable association, they and the public with them have 
suffered in the past. The law, if wise, will encourage, not 
condemn and prohibit, such association. That fire insurance 
costs the people too much, is a complaint I endorse and sympa- 
thize with ; but that is not caused by unconscionable profits 
to capital from high rates of insurance imposed to produce 
such profits. Much of the cost is due to the condition of 
affairs in the business, created by the violent and unhealthy 
competition which, in certain quarters, is regarded with mis- 
placed favor. And a principal instrumentality in the reduc- 
tion of the excessive cost must be that same association and 
concerted action of the companies, of which some people 
appear unworthily suspicious. 

The Valued Policy Law. 

The Valued Policy feature of the law is alleged by the 
companies as their principal grievance, under which, they 
declare, they cannot safely and profitably do business. Of 
their inability to do business successfully for themselves on 
that basis, I am not persuaded. To adapt their business to 
the new situation created by the law might, and probably 
would, occasion inconvenience, expense and change of habit, 
but it could be done. I am, however, well convinced they 
ought not be compelled to, and for solid reasons, apart from 
their interest or inclination, they should not be permitted to. 
iNor would the public be content with it. Under the open pol- 
icy, the property owner may obtain full protection against 
loss. Under the valued policy, no company could prudently 
write insurance to the full value of the insured property. A 
margin would need be left, liberal enough to surely cover 
any excess in original valuation, and also the possible dete- 
rioration in value within the insurance term. While, in 
administration, the valued plan might tend, in some degree, 
to abate the conceded mischief of over-insurance (for which 
another and better remedy should be found), it would, as 
surely, create a popular complaint of under-insurance. A 



xxxviii REPORT OF THE 

judgment entitled to respect, if not conclusive, has already 
been pronounced upon the relative merits of the two plans. 
With free and equal chance of competition for public favor 
and business approval, the valued fire policy has yielded 
place to the open indemnity form everywhere. 

The question is to be considered in its relation to sound 
public policy, and a recurrence to the essential nature of the 
insurance contract should be helpful to a just opinion. 

An eminent authority correctly defines insurance as " A 
contract whereby one, for a consideration, undertakes to 
compensate another if he shall suffer loss. . . It is 

applicable to every form of loss. . . . Wherever dan- 
ger is apprehended, or protection is required, it holds out 
its fostering hand and promises Indemnity. This principle 
(indemnity) underlies the contract, and it can never, with- 
out violence to its essence and spirit, be made by the 
assured a source of profit, its sole purpose being to guaranty 
against loss or damage." 

Legitimate insurance cannot overpass the limit of compen- 
sation for actual loss. A contract which promises more 
than that is, as to the excess, a naked wager, condemned In- 
law and hateful to good morals, and, applied to insurance of 
property liable to destruction by the machination of the 
assured who would profit by it, offensive to public policy 
because a temptation to social crime. A valued policy 
which over insures is such a contract, and the statute under 
discussion protects it. 

This principle of insurance, as indemnity, is recognized 
and enforced in the Massachusetts Standard Form of fire 
insurance policy, which all companies are required by law 
to write, in those clauses of the policy which limit the liabil- 
ity of the company to the actual value of the property and 
provide that the amount recoverable l€ shall be estimated 
according to the actual value of the property at the time 
when the loss or damage happens." 

But, the advocate may argue, the valued policy is a con- 
tract of indemnity only. It simply fixes the amount by 
agreement in advance. What amount is indemnity is a 
matter of estimate, and why may not the estimate be made 
by appraisal and agreement before, as well as by adjustment 



INSURANCE COMMISSIONER. xxxix 

after the loss? The answer to the argument is not difficult. 
The true indemnity is the injury by the loss, and that is 
measurable only by the value of the lost property when the 
loss occurs. Between the contract and the loss the value of 
the property may sensibly diminish, whereby the moral 
hazard is made greater, and if insured for full value at date 
of contract, under a valued policy the assured gets profit in 
addition to indemnity. To estimate value at date of the 
policy, or at date of loss, after loss, is feasible, because the 
valuation can be made from known facts ; but a reliable 
valuation of what property will be worth at an uncertain 
date future is not possible. If the company is to be conclu- 
sively bound by the policy valuation, however clear the 
error, it must, before issue of the policy, cause a careful 
and competent valuation of each parcel of property it in- 
sures ; and, furthermore, it must establish a system of super- 
vision of all its risks of that class, in order to protect itself 
by cancellation of policies should the property depreciate. 
The burden of cost incident to these prudential measures, 
and chargeable to the valued policy, would fall upon the 
public. 

Companies are obliged to act largely in the negotiation of 
insurance through agents other than their immediate officers. 
And in the selection of such agents the company is not 
always able to obtain the services of wholly trustworthy 
persons. Yet to these persons would be confided the valua- 
tion of the insured property and the amount of insurance 
based on that valuation. For the protection of the people 
it is lit and of legal obligation that the company should 
be held liable and bound by certain acts of these agents in 
their insurance transactions, yet that liability should be 
imposed no farther than the necessities and equity of the 
case. But under the valued policy law the company is bound 
by the agent's valuation, however false or treacherous, and 
unless corrupt collusion with the assured can be proven. 
True, the statute permits the policy may be voided by proof 
of fraud in which the assured participates. But such actual 
fraud is usually extremely difficult an 1 often impossible of 
proof and this law tempts to its commission. Where the 



xl REPORT OF THE 

over-valuation is the fault of the agent, from his incapacity, 
neglect, or corrupt yielding to the temptation of a larger 
reward from the transaction, the law refuses a remedy and 
enforces the injustice. Surely that cannot be good legisla- 
tion, which incites to wrong and shelters it, and impairs the 
customary freedom of private commerce, unless justified by 
the prevention of some graver injustice not curable by less 
objectionable means. 

The valued clause is defended on the ground that as a 
matter of equity the company should be liable for the sum 
of insurance it is paid a premium upon. There can be, 
however, no lawful equity between gamesters. Companies 
may be willing to gamble with the owner or other person 
upon the chances that a piece of property will or will not 
burn, — and that is essentially what a policy of insurance 
becomes when it ceases to be a contract of indemnity. But 
the State should not lend its authority to enforce a contract 
repugnant to public morals, however willingly entered into 
by the equally culpable parties to it. Our courts hold that 
a contract of insurance made with a person who has no in- 
terest in the property is a wager and void in law. Why, 
for like reason, should not a contract which insures for an 
amount more than the insurable interest be equally con- 
demned as a wager and illegal? If a man insures his prop- 
erty for more than it is worth, he does so, not to protect 
himself from a possible injury, but for the gambling chance 
of a possible profit. If, under those circumstances, the law 
assures that he shall realize the profit if the property burns, 
does not the law tempt him to destroy it ? A contract for a 
consideration to pay the assured the amount of damage he 
may suffer is legitimate insurance, whence arises rights the 
law will protect. But a contract to pay more than the dam- 
age, violates the wholesome law of both private and social 
morality, and the parties who make it acquire no rights which 
the civil law should respect or honest men sympathize with. 
There are insurance companies willing to gamble in this sort ; 
and with the valued policy protecting such transactions with 
its legal shield, legitimate insurance would suffer from the 
unworthy competition. 



INSURANCE COMMISSIONER. xli 

The other reason urged in the support of the justice and 
expediency of the law, is that the companies unfairly and 
vexatiously dispute the settlement of losses when the amount 
payable is subject to adjustment. This assumption of fact 
is not verified, and the argument sought to be built upon it 
must fall for want of foundation. My observation is that 
the compauies, conscious of their disadvantage in litigation 
and sensitive to -the popular prejudice, injurious to their 
patronage, which such' controversies are likely to excite, 
submit to claims they might in good faith, and ought, in 
justice to themselves and the public, to resist. From self- 
interest, if no worthier impulse, as a rule with extremely 
rare exceptions, they liberally perform their obligations. No 
reason is given, or suggests itself, why a party dissatisfied 
with the proposed adjustment of his loss under an insurance 
contract, should not be remitted for a redress of his griev- 
ance, if he has a real one, to the established tribunals of 
justice. What is there singular in the nature of the con- 
tract, or the rights and obligations incident to it, that should 
distinguish it, as respects the legal rights and remedies of 
parties to it, from other contracts which men make in ordi- 
nary business intercourse ? This law applies solely to insur- 
ance upon buildings and real estate, and to cases of total loss. 
In a dispute as to value in such a case the assured has an 
equal if not superior advantage in the contention, from the 
friendliness of the tribunal he may resort to, and his knowl- 
edge and ability to prove value. If he wants but justice he 
is sure of that, and often gets more, in the courts. While 
recognizing the function of government to protect the weak 
from the oppression of the strong, I perceive no circumstance 
in /the case under discussion for the extraordinary interven- 
tion of that power. 

The conclusions to which these considerations lead are : 
(1) that the valued policy law violates the essential principle 
of the insurance contract, a principle it is most prudent to 
cleave to ; (2) that it protects no endangered right since the 
protection of the courts is ample for the purposes of justice ; 
(3) that its tendency is to promote dishonesty and crime, 
the burden of which the public must endure. 



xlii REPORT OF THE 



Rights of Corporations. 

Watchfulness of corporate power is popular wisdom. Sel- 
fishness is prone to unjustly use its power tor its gratification. 
And its power is usually greater in association than in the 
individual. But corporations are not public enemies. They 
are the potent instruments by which the institutions of a 
highly civilized State are established and carried on. This 
is true with emphasis of insurance corporations. Only by 
corporate association can the public want of insurance be 
supplied. Individual underwriters cannot do it. It is 
not a proper function of the State to do it. A wise 
statesmanship will therefore deal in a friendly spirit with 
these useful commercial institutions. They are a part of the 
public, entitled to the protection of just and equal laws. 
The common welfare cannot be served by injury to them. 
And our lawmakers are admonished to reflect, when they 
legislate, that the conditions of success are the same with 
corporations as with individuals, and that freedom of judg- 
ment and action in the prosecution of their enterprises is as 
essential to, and as much the right of, the one as of the other. 

This discussion leads naturally to a consideration of 

State Supervision. — Its Uses and Abuses. 

By the term " State Supervision" is here intended the 
laws enacted and executive agencies established, by whatever 
political authority, for the regulation of the business of in- 
surance, and is not confined to supervision by the individual 
States, but embraces the exercise of any competent constitu- 
tional power. Its justification depends upon the existence 
of a public need for such supervision, and its usefulness de- 
pends upon the reasonableness of its laws and the integrity 
of their administration. 

Does such public need exist? Insurance, especially of 
property exposed to injury by unavoidable casualty, is a 
common want. The major part of those who need it are 
persons who cannot verify for themselves the character and 
financial responsibility of the companies which furnish it. 
It is well, therefore, and justified by its social importance, that 



INSURANCE COMMISSIONER. xliii 

the State, as the common agent of the people, should exer- 
cise a surveillance over these institutions, as to their ability 
to perform their engagements, and to see they deal justly and 
do not abuse their privilege. 

Ill-advised laws may produce graver ills than they cure. 
And insurance departments unfaithfully administered may 
be, as I am convinced they sometimes have been, the pro- 
moter and shield of abuses they were established to prevent, 
expose and reform. But that public supervision is demanded 
by compelling considerations of the general welfare I enter- 
tain no doubt, nor that, after allowance for all faults, the 
balance of the record already made is largely on the side of 
its usefulness in the protection of the public from imposition 
and fraud, and the establishment of our insurance institu- 
tions on a sound and honorable basis. One of the ablest 
underwriters of the country, who deceased within a year, as 
distinguished for probity as for judgment in his profession, 
in a letter to me just before his death, so aptly states the 
truth as I regard it, that I quote his words as testimony of 
weight : — " Forgetful underwriters sometimes fret over the 
supervision of the Insurance Departments, when the fact is 
that for many years these departments have stood between 
the companies and the efforts of unwise legislators. It is a 
fact that what is for the good of all honest companies is 
equally for the good of all honest policy-holders. The writer 
has not forgotten that the country was full of worthless com- 
panies before departments became general, and if the latter 
could be abolished, the former would be as numerous as the 
rascals are who would like to make money by such institu- 
tions." Since Massachusetts inaugurated its bureau of in- 
surance, thirty years ago, a great improvement has been 
wrought in the condition of our insurance interests, in the 
accomplishment whereof the bureau has borne an influential 
part. It has promoted wholesome laws and methods and 
the houorable enterprises of legitimate insurance. 'What it 
has helped to establish it is still needed to conserve and 
advance. 

The misinformation or want of information on the part of 
the general public as to the principles and methods of in- 
surance, and the conditions of its successful operation, is 



xliv REPORT OF THE 

remarkable. And insurance departments, if faithful to 
their trusts, subservient neither to unwarranted popular 
prejudices, nor to the ambitious self-interest of the com- 
panies, may do much to enlighten popular opinion upon 
these matters, and to maintain just relations between the 
companies and the public, to the great advantage of both. 
To legislate wisely, the legislator needs intelligent informa- 
tion of the subject he legislates upon. No disrespect is 
meant to our lawmakers ; perhaps it is a fault of our politi- 
cal system, and pardonable in men who leave more familiar 
pursuits for a brief service in statecraft, but the fact is 
that our average lawmaker cannot or will not qualify him- 
self sufficiently by investigation and study of the particular 
matter, to act with instructed judgment on subjects of a 
special character like insurance. And unless some impartial 
source of information, such as the insurance department 
ought to be, is available, his intelligence is liable to betrayal 
by vulgar prejudice or designing art into inconsiderate 
action. As respects legislation the influence of the depart- 
ment should be, and, in general, I think, has been, conser- 
vative to protect the public by laws fairly proportioned to 
the need of such protection, and to protect the companies 
from the infliction of laws calculated to wrongfully vex and 
injure, and not demanded by any exigency of the common 
welfare. 

The tendency, I fear, is towards a too free resort to the 
sword of legislation for the redress of faults in commercial 
intercourse. These are often more justly reformed by the 
processes of the natural laws of trade and the force of cor- 
rect public opinion, than by the compulsion and arbitrary 
treatment of peremptory statutes. The power of the civil 
law should be invoked, in derogation of the liberty of com- 
merce, only upon clear evidence of an abuse or danger, and 
when other less arbitrary corrective and preventive influ- 
ences are* unequal to the ends of substantial justice. While, 
therefore, the regulation of the business of insurance by 
reasonable laws is right and expedient, the utmost circum- 
spection is commended, to avoid ill-judged and mischievous 
legislation dictated by prejudice, or enacted without com- 
petent knowledge of its effect. 



INSURANCE COMMISSIONER. xlv 

What does supervision attempt to do? Certainly, not the 
impossible. It is an auxiliary of, not a substitute for, pri- 
vate diligence, and does not absolve the citizen from respon- 
sibility for the exercise of prudence in his transactions. It 
gives information which enables the citizen better to judge 
the trustworthiness of the several institutions that solicit his 
confidence, but does not guaranty their responsibility beyond 
certain limits. Nothing in human affairs which rests in the 
future is absolutely safe. Under good laws and faithful ad- 
ministration, insurance companies are liable to failure. 
They must be allowed a liberty and discretion which may be 
used unwisely, and the nature of their transactions exposes 
them to dangers the utmost prudence may not avert. All 
the State attempts is to enact and enforce laws calculated to 
promote integrity and justice in the relations between the 
companies and the public, and to see that the companies are 
of ability reasonably deemed sufficient to perform their con- 
tracts. The objection to State supervision, urged by some, 
that it creates a false trust which betrays private vigilance, 
is a theory unsupported by fact. It does not appear that 
the people are less diligent since supervision than before, in 
their insurance transactions ; the majority deal upon their 
faith in the representations of the insurance agent now as 
before, and if they do rely in any degree upon supervision, 
they have a safer guide than they would likely follow in its 
absence. Supervision does not assume that all insurance 
companies, qualified and authorized under the law, are of 
equal merit. But it publishes the facts as to each, by which 
the public can better choose between the rivals for its favor. 

A Premature Suggestion. 

A national supervision of insurance, either exclusive or 
concurrent with State supervision, is advocated by some. 
The proposition has grave obstacles to encounter and over- 
come, practical as well as legal, before it is likely to have 
friendly consideration. That the business of insurance is 
" commerce," within the constitutional sense of the term, 
and so within the power of Congress to regulate, is not clear. 
Even if the power shall be conceded, the expediency of its 
exercise will need the support of weightier reasons, and the 



xlvi REPORT OF THE 

appeal of graver evils, than are now obvious. I am not sat- 
isfied that insurance has yet so far outgrown State jurisdic- 
tion as to become a fit subject of federal control and 
regulation. But I recognize the embarrassment it may 
suffer from the conflict of laws of the different States. This 
consideration enforces the wisdom of a generous reciprocity 
between the States, and counsels that legislation affecting 
insurance interests should be framed in a liberal spirit and 
regardful to relations and effects without, as well as within, 
State boundaries. For, while, for certain political object-, 
the States are several, in commercial intercourse they are 
one. If State legislatures will wisely respect this commu- 
nity of States, and the reciprocal obligation it creates, the 
time is remote, if ever, when occasion will arise for federal 
intervention. 

Amendment of the Statutes. 

I renew the recommendation made a year ago for a re- 
vision of the insurance statutes. At present they constitute 
an incongruous body of law, with inconsistent provisions 
which no skill of construction can reconcile, and provisions 
not adapted to secure the best results intended by the legis- 
lation, together with much obsolete matter and serious 
defects of omission. I speak advisedly in saying that the 
able compilers of the Public Statutes recognized these 
faults ; but, under their commission, had no power to amend 
them, and therefore they were perpetuated and re-enacted 
in the late codification of the General Laws of the Common- 
wealth. The revision asked for involves not merely a re- 
construction in form, but essential changes in substance, so 
that the provisions of law relating to insurance companies 
and their dealings with the public may be justly conformed 
to existing commercial conditions, and to the independent 
and reciprocal rights and privileges of the people and of the 
corporations. Such a revision, intelligently made, implies 
much investigation of various sources of information, and 
careful consideration of the practical effects of proposed 
legislation, besides the clerical and professional labor of 
framing the statute. I trust the legislature may recognize 
the need and importance of the enterprise, and adequately 
provide for its accomplishment. 



INSURANCE COMMISSIONER. xlvii 



Finances of the Department. 

The income of the department in 1885, other than from 
appropriations, was $33,943.79 ; the expenditures for sala- 
ries, clerical assistance and all incidental expenses, was 
$18,382.37; balance paid into the treasury, $15,561.42. 
The expenditures were less by $1,040.82 than in 1884. 
The reduction in charge to the life companies for valuation 
of policies reduced the revenue from that source $6,481.93, 
as compared with 1884, while the receipts from other 
sources were $867.02 larger. 

The amount of annual appropriation for the department, 
except for contingent expenses, was fixed by statute in 1879. 
Since then new duties have been devolved upon the depart- 
ment, demanding for their proper discharge much additional 
labor; and, on the part of some of its officers, a higher 
order of qualification. I recommend, both in justice to the 
officers named, and in order that the Commissioner may be 
able to command and retain competent talent for the service 
to be performed, that the annual salaries of the chief clerk 
and extra clerk be severally increased by the sum of two 
hundred dollars. The statute allowance of not exceeding 
seven thousand dollars for additional clerks and assistants 
was intended, and has been used, exclusively for the com- 
pensation of computers employed in the valuation of life 
policies. For that work in 1885, upon the reduced rate of 
charge, the companies paid the State the sum of $12,209.79. 
Since 1879 that work has increased fully twenty-five per 
cent, in amount. I ask the legislature to increase the ap- 
propriation to eight thousand dollars. These requests are 
justified by the plain needs of department efficiency and by 
the financial results of its operation. 

JOHN K. TARBOX, 

Insurance Commissioner. 



STATISTICAL TABULATIONS. 



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Massachusetts, 
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Mllford, 

Mutual Fire Assur 

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Newburyport, 

Norfolk, 



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lxxx 



REPORT OF THE 



Table XIII. — Massachusetts Business for lft8fi. 
Massachusetts Mutual Fire Companies. 



NAME OF COMPANY. 


Risks Written 

$1,479,374 

92,010 

19,208,961 

2,762 

315,560 


Premiums 
Received. 


Premium 
Notes rec'd. 


Losses 
Paid. 


Losses 
Incurred. 


Abingtoi), 

Annisquam, .... 
Arkwright, .... 

Ashtield, 

Attleborough, .... 


$23,385 

158,394 

14 

1,745 


$70,155 

6,008 

791,969 

7,128 


24,499 
1,990 


$5,419 

24,499 

1,990 


Barnstable County, . 

Berkshire 

Boston Manufacturers', . 
Bristol County, .... 
Cambridge 


1,873,241 

1,353,969 

33,818,477 

625,375 

2,390,873 


51,691 

18,321 

275,081 

3,947 

34,285 


91,395 
54,962 
1,375,400 
78,931 
34,285 


1,716 

3,779 

90,748 

473 

1,828 


1,716 
8,778 

90,748 

473 

1,828 


Citizens', 

Cohasset, 

Cotton and Woolen, . 

Dedham, 

Dorchester, .... 


4,825,755 

58,680 

3,058,732 

728,766 

4,276,186 


00,660 
880 
29,789 
10,838 
64,009 


126,775 
3,520 

148,943 
21,993 
64,009 


11,354 
20 

4,123 

886 

12,120 


11,354 

20 

4,123 

38C 

12,060 


Essex, 

Fall River Manufacturers', 

Fitchburg, 

Franklin, 

Groveland, .... 


108,600 

7,796,709 

4,904,863 

467,057 

407,098 


2,375 
68,275 
78,545 

5,155 


7,025 

341,375 

78,545 

15,465 

26,879 


79 

20,653 

47,686 

2^348 

1,665 


79 

20,653 

39,615 

917 

881 


Hampshire, .... 

Hingham, 

Holyoke, 

Lowell 

Lynn, 


763,300 

3,319,278 

6,611,762 

827,208 

346,325 


9,570 

50,527 

89,514 

9,604 

4,738 


28,709 
50,068 
88,478. 
19,207 
18,953 


10,450 

24,833 

23,613 

602 

648 


10,994 

23,593 

23,613 

602 

648 


Massachusetts, .... 
Merchants' and Farmers', 
Merrimack, .... 
Middlesex, .... 
Milford 


2,851,750 
5,130,247 
5,183,723 

4,799,234 
246,738 


22,189 
75,379 
71,167 
70,364 
2,959 


75,379 

147,218 

69,524 

8,877 


8,134 

13,543 

23,835 

18,810 

220 


8,134 

14,928 

22,404 

18,810 

44 


Mill Owners', .... 
Mutual Fire Assurance, . 
Mutual Protection, . 

Newburyport 

Norfolk, 


9,043,200 
873,050 
260,230 
117,750 

2,754,439 


79,555 

12,958 

2,453 

1,468 

40,776 


397,773 

25,916 

7,359 

12,049 

80,770 


22,046 
1,306 

722 
265 

17,173 


22,364 

1,706 

722 

265 

14,438 


Quincy, ..... 
Rubber Manufacturers', . 

Salem, 

Salisbury and Amesbury, 
Saugus, 


7,453,096 
1,026,647 

355,145 
59,200 

955,250 


104,222 

16,274 

5,231 

482 


104,222 

81,369 

15,625 

4,821 

117,908 


21,390 

94 

860 


21,466 

108 
860 


Shelburne, 

South Danvers, .... 

Spinners' 

Traders' and Mechanics', 
Westford, 


10,200 

221,850 

3,191,088 

5,207,401 

59,975 


37 

4,768 

25,491 

76,297 

566 


425 

14,305 

127,457 

76,297 

1,697 


7 

1,135 

2,141 

10,912 

850 


7 
1,135 

2,141 

12,794 

600 


West Newbury, 
Worcester Manufacturers', 
Worcester Mutual, . 


831,259 
9,297,955 
6,727,636 


80,818 
98,149 


46,485 

404,092 

98,149 


1,523 
30,256 
38,851 


1,529 
30,256 
35.S80 


Totals, .... 


$166,317,974 


$1,822,845 


$5,467,983 


$511,738 


$490,570 



INSURANCE COMMISSIONER. 



lxxxi 



Table XIII. ■■— Massachusetts Business for 1885 — Continued. 
Massachusetts Mutual Marine Companies. 



NAME OF COMPANY. 


Risks Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


India Mutual, 


$15,799,695 
3,404,183 


$280,337 
104,655 


$275,119 
73,330 


$269,119 
68,173 




$19,203,878 


$384,992 


$348,449 


$337,292 



Massachusetts Joint-Stock Companies. 



Fire Business. 



American, . 

Boylston, 

Dwelling-House, 

Eliot, 

Firemen's Fire, . . 

First National, 
Mercantile, . 

Neptune, 

North American, 
Prescott, . . . 

Springfield Fire and Marine, . 
Washington 

Totals, . 



$3,195,511 
8,674,419 
3,252,321 
2,357,227 
7,890,110 

4,207,538 
2,532,014 
7,319,096 
5,033,796 
4,654,232 

12,109,868 
12,151,080 



$73,377,212 



$27,451 
76,559 
21,131 
33,911 
79,422 

63,435 
18,374 
113,925 
38,461 
55,802 

143,913 
123,230 



$795,614 



$2,542 
38,760 
5,026 
19,290 
19,477 

34,796 
5,934 
54,811 
14,389 
21,213 

86,218 
46,503 



$348,959 



$2,542 
42,000 
5,826 
13,727 
19,894 

33,075 
6,229 
54,311 
18,848 
24,040 

77,256 
40,643 



$338,391 



Marine Business. 



American, 
Boston Marine, 
Boylston, .... 
Equitable Marine, . 
Mercantile Fire and Marine, 

Neptune, .... 
Salem Marine, . 
Washington, . 
Wellfleet,* 

Totals, 



$2,554,945 
34,757,647 

5,978,029 
651,861 

2,461,447 

99,242 
2,101,284 
7,342,678 



$55,947,133 



$49,472 

789,342 

58,758 

31,365 

64,352 

7,673 

38,459 

226,249 



$1,265,670 



$57,596 
397,715 

33,623 
9,152 

43,903 

1,064 

26,934 

158,507 



$728,494 



$38,967 

433,660 

24,543 

14,402 

36,336 

2,140 

29,434 

171,312 



$750,794 



* Commenced business as a joint-stock company Jan. 1, 1886. 



lxxxii 



REPORT OF THE 



Table XIII. — Massachusetts Business for 1885 — Continued. 

Companies of Other States. 
Fire Business. 



NAME OF COMPANY. 



./Etna, 
Albany, . 
American, Newark, 
American Central, . 
American Exchange, 



American Fire, New York, 
American Fire, Philadelphia 
Atlantic Fire and Marine, 
Boatman's Fire and Marine, 
Buffalo German, 



California, 
Citizens', Cincinnati, 
Citizens', N< w York, 
Citizens', Pittsburgh, 
Citizens', St. Louis, 



City Fire, . 
Clinton, 
Commerce, 
Commercial, 
Connecticut Fire, 



Continental, 

Delaware Mutual Safety, 
Enterprise Fire and Marine, 
Equitable Fire and Marine, 
Exchange Fire, 



Farragut Fire, 

Fire Association, 

Fire Insurance Co., County of Ph 

Fireman's Fund, 

Firemen's, Dayton, . . 



Firemen's, Newark, 
Firemen's, New York, 
Franklin, . 
German American, . 
German Fire, . 



Germania, 

Girard Fire and Marine, 

Glen's Falls, . 

Greenwich, 

Guardian Fire, 



la., 



Hanover, .... 

Hartft rd Fire, . 

Heme, .... 

Howard, . 

Insurance Company of North America, 

Insurance Co., State of Pennsylvania, 
Jeffcrson, .... 

Lor g Inland, .... 
Manufacturers' and Builders', 
Manufacturers' and Merchants', 

Marine of St. Louis, 
Mechanics', Philadelphia, 
Mech nics' Fire, New Ycrk, . 
Mercantile, Cleveland, . 
Mercantile, Niw York, . 



Risks Written 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



$12,862,667 

664,519 

8,282,941 

1,577.277 
278,696 

1,128,261 

5,09-1,037 

576.017 

486.451 

2,149,885 

1,339,182 
829,448 

2,539,247 

2,104,510 

531,666 

825,291 
1,049,603 
1,438,004 

783.424 

6,207,600 

6,834,963 

2,262,341 

716,584 

3,793,086 
905,700 

445,109 
8,099,999 

477,991 
2,414,982 

723,244 

2,646,956 

813,602 

3,295,988 

7,922,269 

708,168 

4,127,933 
1,133,106 
2,693,321 
2,036,107 
471,000 

5,115,042 
7, SOI ,286 

17,8S2,430 
3,766,783 

10,414,940 

1,868,924 

435,941 

1,055,828 

1,037,940 

561,259 

428,507 
865,444 
1,224,331 
9o6,230 
274,650 



$146,071 

8,258 
2«,291 
23,140 

2,373 

7.692 
63,549 

7, Tom 

5,922 

24,536 

13,058 

9,206 

29,361 

21,800 

8,334 

4,883 

8,355 

18,000 

6,580 

72,022 

76,498 
11,305 
9,934 
41,419 
11,832 

6,390 

110,176 

7,842 

28,379 

11,083 

22,158 
4,967 
37,534 
71,865 
11,274 

47,722 

9,803 

28,092 

15,569 

3,974 

59,110 
97,516. 

186,696 
45,902 

134,010 

20,348 
3,635 
9,644 

11,814 
6,123 

3,878 

10,389 

15,527 

7,764 

1,095 



$78,631 

10,712 

8,147 

17,800 

44- 

3,573 

19.783 

3.844 

7,107 

18,573 

3,159 

689 

23,202 

8,536 

6,151 

1,587 
5,906 

13,027 
2,830 

20,731 

32.994 
3,353 
2,099 

7,815 

2,565 

78,457 

437 

4,197 

9,774 

9,450 

3,885 

11,308 

29,876 
6,508 

33,733 
3,088 

11,513 

9,631 

805 

29,377 

47,914 

107,028 

29,388 

46.S72 

11,133 
1,242 

6,545 

7,4*3 
5,184 

2,199 

5,003 

4,269 

293 

205 



10,173 

7,969 

16,211 

448 

3.573 

17,886 

1,983 

6,880 

18,961 

3,159 

689 

21,192 

11,651 

6,151 

1,587 
5.906 

10,838 
2.830 

20,214 

32,651 
2,721 
2.099 

22,989 
9,315 

2,565 

75,310 

437 

7,130 

9,874 

9,550 

3,029 

11,308 

30,942 

6,508 

28,613 
2,557 

10,903 
7,198 

805 

26,901 

47,6*2 

105,446 

29.435 

40,272 

11,133 
1,222 
5,245 
7,473 
5,084 

2.449 

4.475 

4,269 

293 

205 



INSURANCE COMMISSIONER. 



Ixxxiii 



Table XIII. — Massachusetts Business for 1885 — Continued. 







Fremiums 


Losses 


Losses 


NAME OF COMPANY. 


Risks Written. 


Received. 


Paid. 


Incurred. 


Merchant*', Newark, .... 


$3,973,425 


$46,334 


$30,555 


$27,711 


Merchants', New York, .... 


971,075 


15,872 


2,069 


3,058 


Merchant*', Providence, 


2,768,095 


32,425 


22,543 


18,883 


Meriden Fire, 


3,597.870 


47,132 


21,970 


18,025 


Milwaukee Mechanics' 


471,600 


4,186 


- 


- 


Montauk 


651,428 


8,002 


4,284 


4,284 


National, Hartford, 


3,137,506 


33,043 


16,555 


13,781 


National. New York, .... 


1,333,714 


14,836 


10,092 


10,092 


Newark Fire, 


806,854 


9,358 


1,792 


1,364 


New Hampshire Fire . . . . 


6,054,718 


69,628 


44,334 


1 42,138 


New York Kowery, •. 


4,662,738 


51,307 


26,646 


26,361 


New York Fire, 


1,076,121 


10,616 


8,673 


8,673 


Niagara, ....... 


8,922,215 


115,379 


51,811 


48,928 


Northwestern National 


2,157,791 


19,572 


11,967 


10,496 


Orient 


3,613,320 


42,443 


34,625 


34,277 


Pacific Fire, 


2,358,887 


20,035 


10,796 


10,687 


Pennsylvania Fire, .... 


5,272,800 


76,952 


48,657 


45,076 


People's, New York, 


941,084 


13,395 


9,374 


7,510 


People'.-, Pittsburgh, .... 


733,915 


10,844 


7,524 


8,174 


Phenix, New York, .... 


8,544,864 


97,745 


57,930 


56,652 


Phcenix, Hartford, 


8,556,428 


105,383 


55,128 


55,963 


Providence Washington, 


8,025,056 


84.702 


41,320 


42,784 


Rochester German, .... 


2,288.086 


33,422 


14,774 


12,797 


Rutgers, . 


956,584 


8,431 


5,479 


5,466 


Security 


2.156,432 


26,913 


18,567 


16,794 


Spring Garden, 


1,410,781 


13,967 


3,529 


3,529 


Standard, . . . 


565,537 


5,993 


6,388 


6,135 


Sterling, 


1,500,854 


13,838 


13,459 


11,671 


St. Paul Fire and Marine, 


1,292,089 


15,997 


12,007 


9,975 


Traders' 


2,181,675 


30,232 


18,457 


21,630 


Union, Philadelphia, .... 


5,210,819 


43.699 


20,566 


22,638 


Union, San Francisco, .... 


1,436,254 


13,661 


1,573 


1,573 


United Firemen's, 


1,145,323 


12,815 


5,030 


5,174 


United States Fire, 


693,892 


7,344 


6,791 


6,590 


Westchester Fire, 


3,932,000 


45,648 


19,815 


17,393 


Western, 


733,819 


9,817 


2,253 


2,253 


Williamsburgh City, .... 


2,340,437 


26,233 


8,718 


8,718 


Totals 


$258,086,791 


$2,927,097 


$1,524,915 


$1,464,868 



Marine Business. 



Atlantic Mutual, 

Commercial Mutual, .... 
Continental, ....;. 
Delaware M utual Safety, 
Equitable, Fire and Marine, . . 


$8,539,507 
546,235 
899,955 

27,232,815 
514,745 


$141,481 

23,183 

1,561 

215,925 

8,518 


$94,019 
20,569 

49,518 
7,147 


$94,019 
20,569 

45,577 
8,734 


Insurance Company of North America, 
Northwestern National, .... 
Orient Mutual, 

Providence Washington, 


45,936,438 

607,364 

423.983 

4,121,959 

8,739,293 


305,069 

3,442 

7,261 

18,025 

89,247 


237,788 

5,461 

59 

14,545 

33,186 


246,733 

5,461 

59 

14,545 

40,932 


Union, Philadelphia, .... 
United States Lloyds, .... 


1,817,719 
1,200,535 


7,201 
8,813 


5,961 
2,051 


5,961 
8,795 


Totals, 


$100,580,548 


$829,726 


$470,304 


$491,385 



lxxxiv 



KEPORT OF THE 



Table XIII. — Massachusetts Business for 1885 — Concluded. 

United States Branches, Foreign Companies. 
Fire Business. 



name of company. 



Risks Written, 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



British America, 
City of London, 
Commercial Union, 
Fire Insurance Association, 
Guardian Assurance, 



Hamburg Bremen, . 
Imperial, . . • . 
Lancashire, .... 
Lion Fire, .... 
Liverpool and London and Globe, 

London Assurance, . . 

London and Lancashire, 
North British and Mercantile, 
Northern Assurance, 
Norwich Union, 



Phoenix Assurance, 

Queen, 

Royal, 

Scottish Union and National, 
Bun Fire Office, 



Transatlantic, . 

United Fire Re-insurance, 

"Western Assurance, 



$3,294,483 
6,250,185 

11,930,907 
3,535,993 
7,721,256 

3,635,410 
7,751,700 
5,221,4'.i4 
1,958,750 
21,985,339 

5,299,441 
6,037,505 
10,623,385 
6,472,813 
4,837,370 

8,982,284 
9,397,062 

15,867,151 
2,765,450 

14,057,360 

1,023,150 
3,180,071 
1,770,415 



$42,998 
86,815 

136,428 
50,946 
86,592 

35,905 

100,055 

73,662 

22,437 

218,741 

49,662 
88,785 
115,604 
80,078 
57,627 

104,445 

105,470 

202,197 

28,407 

98,402 

9,453 
35,177 
27,141 



Totals, 



$163,598,974 



$1,857,027 



$21,192 
57,101 
65,134 
27,355 
31,010 

11,363 
64,653 
35,506 
16,723 
114,357 

21,013 
37,536 
54,971 
43,790 

18,222 

34,751 
33,507 
80,297 
11,747 
43,780 



22,050 
22,586 



$22,326 
57,337 

24,928 
31,458 

11,378 
61,629 
33,502 
16,723 
114,313 

19,953 
35,036 
49,448 
43,947 
19,257 

34,843 

77,439 

8,572 

39,008 



25,3 "5 
19,253 



$86S,644 



$838,40(1 



Marine Business. 



British America, 
British and Foreign Marine, 
Thames and Mersey, 
Union Marine, . 

Totals, 



$735,107 

23,003,660 

192,615 

11,810,396 



$35,741,778 



$14,637 

164,517 

347 

85.389 



$264,890 



$10,972 
204,259 

46,204 



261,435 



$10,972 
204.259 

57,534 






INSURANCE COMMISSIONER. 



lxxxv 



RECAPITULATION. 

Fire Business. 



NAME OF COMPANY. 


, . , „ T .„ Premiums Losses Losses 
Kisks Written. i i 

Received. Paid. Incurred. 


Massachusetts Mutual Fire Companies, 
Massachusetts Joint Stock Companies, 
Companies of other States, . 
United States Branches, 


$166,317,974 

73,377,212 

258,086,791 

163,598,974 


$1,822,845 

795,614 

2,927,097 

1,857,027 


$511,738 
348,959 

1,524,915 
868,644 


$490,570 
338,391 

1,464,868 
838,406 




$661,380,951 


$7,402,583 


$3,254,256 


$3,132,235 



Marine Business. 



Massachusetts Mutual Marine Com 

panies, 

Massachusetts Joint Stock Companies 
Companies of other States, . 
United States Branches, . 



Totals, 



$19,203,878 
55,947,133 

100,580,548 
35,741,778 



$211,473,337 



$384,992 

1,265,670 

829,726 

264,890 



2,745,278 



$348,447 
728,494 
470,304 
261,435 



$337,292 
750,794 
491,385 
272,765 



,680 $1,852,236 



lxxxvi 



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REPORT OF THE 



Comparison of Table XIV. for Eight Years. 











Amount 






Year. 


No. of 


Insurance. 


Damage. 


Insurance 


Total 


Pdrtial 




Fires. 






Paid. 


Losses. 


Losses. 


1878 . 


1,728 


$7,703,226 


$3,683,265 


$2,525,182 


532 


1,195 


1879 . 


1 ,852 


8,086,657 


3,626,430 


2,604,274 


6<»5 


1,247 


1880 . 


1,722 


11,033,541 


4,454,221 


3,159,515 


506 


1,126 


1881. 


1,694 


11,414,179 


4,3 1 2,642 


3,059.424 


511 


1,183 


1882. 


1,758 


12,406,617 


4,789,906 


3,688,780 


529 


1,229 


1883 . 


2,233 


12,325,823 


4,686,759 


3,093,971 


666 


1,567 


1884 . 


2,011 


13,635,872 


4,704,871 


3,634,989 


543 


1,468 


1885 . 


1,828 


11,332,402 


4,169,798 


3,171,463 


482 


1,346 


Total, . 


14,826 


$87,938,317 


$34,427,892 


$24,937,798 


4,464 


10,362 


Average, 


1,853 


$10,992,289 


$4,303,487 


$3,117,224 


558 


1,295 



INSURANCE COMMISSIONER. 



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Dining rooms, 

Drug stores, 

Dry and fancy goods, . 

Dwelling houses, 

Dye wooils and chemical works, 

Dye houses, .... 

Farm buildings, . 

File cutters and cutlery, 


Fish dealers, . 
Flour and grist mills, . 
Forest lires, .... 
Foundries, .... 
Furniture factories, 
Furniture stores, . 
Glass etching, 
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Grain stores, 
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Hardware stores, . 


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INSURANCE COMMISSIONER. xciii 



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INSURANCE COMMISSIONER. 



xcv 



Table XVI. — Causes of Fires Classified. 



Property. 



Cause of Fire. 



Agricultural warehouse, 

Auctioneer, 

r 

Bakers and confectioners, . . . -J 
Barber shops, .... 

Barns and private stables, . 



Blacksmith shops, 
Bleacheries, .... 

Boarding and lodging houses, 

Book and music stores, 
Book binderies, . 



Boot and shoe manufactories, . . \ 



Boot and shoe stores, . . . . j 

Breweries, .... 
Brick kilns, .... 
Brush makers, 

Churches, .... 

Cider mills, .... 
Cigar stores and manufactories, 

Clothing stores, . 



Club and billiard rooms, . 

Cooper shop, 

Comb factory, 

Cotton-batting manufactories, waste- f 

houses, jute and shoddy mills, . j 



Cotton mills, 
Crockery stores, . 
Dining rooms, 



Unknown, 1. 

Exposure, 1. 

Curtain near gas, 1 ; fat boiling over, 3 ; in- 
cendiary, 1 ; kerosene vapor, 1 ; over- 
heated stove, 2 ; sugar boiling over, 1 ; 
unknown, 3 

Incendiary, 1; kerosene vapor, 3; smoking, 

Careless use of matches, 1 ; children play- 
ing with matches, 11 ; defective chimney, 
3; exposure, 29; fireworks, 2; gas jet 
near straw, 1 ; incendiary, 80 ; kerosene 
vapor, 12; lightning, 14; lamp near wood- 
work, 1 ; overheated stove, 1 ; smoking, 
3; sparks from chimney, 3; spontaneous 
combustion, 4; sparks from locomotive, 
2; tramps, 2; unknown, 77. 

Defective chimney, 1 ; exposure, 2 ; incen- 
diary, 1 ; sparks from forge, 2 ; unknown, 

2: 

Spontaneous combustion, 1 ; unknown, 1. 

Defective chimney, 1 ; careless use of 
matches, 1 ; fireworks, 1 ; incendiary, 1 ; 
kerosene vapor, 2; tramps, 1; unknown, 
2. 

Curtain near gas jet, 1 ; candle near wood- 
work, 1 ; exposure, 1 ; unknown, 2. 

Overheated journal, 1 ; unknown, 2. 

Curtain near gas, 1 ; defective chimney, 1 ; 
exposure, 6 ; explosion of gas, 1 ; incendi- 
ary, 2; kerosene vapor, 1; sparks from 
chimney, 3 ; sparks from fire-box, 1 ; 
spontaneous combustion, 2; overheated 
stove, 1 ; unknown, 6. 

Curtain near gas jet, 1 ; careless use of 
matches, 1 ; kerosene vapor, 1. 

Fire box, 1. 

Sparks from kiln, 1 ; unknown, 1. 

Incendiary, 1 ; spontaneous combustion, 1. 

Exposure, 2; kerosene vapor, 1 ; careless 
use of matches, 1 ; overheated stuve, 2 ; 
unknown, 1. 

Ashes in wooden vessel, 1 ; unknown, 1. 

Incendiary, 1 ; unknown, 2. 

Curtain near gas, 1 ; exposure, 4; incendi- 
ary, 1 ; kerosene vapor, 1 ; spontaneous 
combustion, 1 ; unknown, 2. 

Cigar in wooden spittoon, 1 ; exposure, 1 ; 
overheated stove, 1 ; unknown, 1. 

Unknown, 1. 

Friction from emery wheel, 1. 

Kerosene vapor, 1 ; careless use of matches, 
1; sparks from picker, 2; unknown, 1. 

Defective chimney, 1 ; electric light, 1 ; in- 
cendiary, 1; kerosene vapor, 1; over- 
heated stove, 1 ; overheated bearings, 2 ; 
spontaneous combustion, 2 ; sparks from 
chimney, 1; unknown, 3. 

Careless use of matches, 1 ; unknown, 1. 

Ashes in wooden vessel, 1 ; careless use of 
matches, 1 ; incendiary, 1 ; defective fire- 
place, 2 ; kerosene vapor, 3 ; vapor of 
naphtha, 1 ; mice and matches, 1 ; un- 
known, 2. 



XCV1 



EEPORT OF THE 



Table XVI. — Causes of Fires Classified — Continued. 



Pbopekty. 



Cause of Fiee. 



Drugstores, . 



Dry and fancy goods, 



Dwelling-houses, . 



Dye woods and chemical works, 
Dye houses, 

Farm buildings, . 

File cutters, 

Fish dealers, . 

Flour and grist mills, . 

Forest fires, 

Foundries, 

Furniture factories, 

Furniture stores, . 

Glass etching, . 
Gold and silver platers, 

Grain stores, 

Greenhouses, . 

Grocery stores, . . . . 



Hardware stores, . 

Hat manufactories, 
Harness makers, . 



Exposure, 3 ; kerosene vapor, 1 ; sponta- 
neous combustion, 2. 

Curtain near gas jet, 7; careless use of 
matches, 1 ; exposure, 3 ; electric light, 1 ; 
timber built into chimney, 1 ; incendiary, 
2 ; kerosene vapor, 1 ; overheated stove, 
1 ; unknown, 9. 

Ashes in wooden vessel, 6; curtains and 
goods near gas jet, 23; careless use of 
matches, 28; children playing with 
matches, 47; clothes near stove, 8; defec- 
tive chimney, 110; exposure, 80; fat 
boiling over, 1; explosion of range, 1; 
fireworks, 10; hot-air pipe, 6; incendi- 
ary, 75; kerosene vapor, 59; lightning, 
15 ; mice and matches, 8 ; naphtha vapor, 
3; overheated stove, 30; overheated 
steam-pipe, 1 ; plumber's fire-pot, 1 ; 
spontaneous combustion, 3; sparks from 
chimney, 46; sparks from locomotive, 1 ; 
sparks from forge, 1 ; sparks from kiln, 
1; smoking, 13; slacking lime, 2; soot in 
chimney, 9; thawing water-pipe, 11; 
wood near stove, 7; tar boiling over, 2; 
unknown, 145. 

Defective chimney, 1; exposure, 2; over- 
heated stove, 1 ; unknown, 4. 

Slacking lime, 1. 

Defective chimney, 6; exposure, 1; fire- 
works, 1 ; incendiary, 8; kerosene vapor, 
1 ; lightning, 2; sparks from chimney, 1 ; 
unknown, 13. 

Woodwork near chimney, 1. 

Overheated stove, 1 ; unknown, 1. 

Smoking, 1 ; spontaneous, 1 ; tar boiling 
over, 1. 

Exposure, 4; incendiary, 12; smoking, 4; 
shooting, 1; sparks from locomotive, 4; 
unknown, 41. 

Exposure, 1 ; from cupola, 4 ; incendiary, 1 ; 
overheated woodwork, 1 ; spontaneous, 
1 ; sparks from chimney, 2; unknown, 2. 

Careless use of matches, 1 ; defective chim- 
ney, 1 ; exposure, 1 ; overheated stove, 1 ; 
spontaneous, 1 ; unknown, 25. 

Exposure, 3; explosion of gas, 1; over- 
heated stove, 1 ; unknown, 2. 

Unknown, 1. 

Hot dross in wooden box, 1. 

Exposure, 1; incendiary, 1; overheated 
stove, 1 ; unknown, 1. 

Ashes in wooden vessel, 1 ; defective chim- 
ney, 2; exposure, 1; explosion of steam 
pipe, 1 ; incendiary, 1 ; overheated stove, 
2; sparks from locomotive, 1. 

Children playing with matches, 1 ; careless 
use of matches, 1 ; defective chimney, 3 ; 
exposure, 6; incendiary, 3; kerosene 
vapor, 7 ; mice and matches, 1 ; wood 
near gas jet, 1 ; unknown, 9. 

Incendiarv, 3 ; naphtha vapor, 1 ; unknown, 
1. 

Burning brimstone, 1. 

Spontaneous combustion, 1 ; unknown, 2. 



INSURANCE COMMISSIONER. 



XCVll 



Table XVI. — Causes of Fires Classified — Continued. 



Property. 



Cause of Fire. 



Hotels, . 

Ice-houses, . 
Jewelry stores, 

Junk stores, . 

Laundries, . 
Leather board mills, • 

Liquor stores and saloons, . 

Livery stables, 

Lodge-rooms, 

Lumber sheds and wharves, 

Machine shops, 

Millinery stores, 
Offices, . 

Oil stores, 
Paint stores, . 

Paint shops, . 

Paper stock-houses, 

Paper mills, . 

Pest houses, . 
Photograph rooms, 

Printing establishments, 

Produce dealers, . 

Public buildings, . 

Railroad depots and car shops, 

Saw and planing mills, 

School-houses, 

Ship chandlers, . 

Slaughter-houses, 

Skating rinks, 

Soap makers and tallow Tenderers, 



Defective chimney, 3 ; fat boiling over, 1 ; 
kerosene vapor, 2; careless use of 
matches, 1 ; smoking, 1 ; spontaneous, 1 ; 
unknown, 3. 

Exposure, 1 ; incendiary, 4 ; lightning, 1. 

Defective chimney, 1 ; sun glass, 1 ; un- 
known, 1. 

Incendiary, 2 ; lightning, 2 ; spontaneous, 
2; unknown, 1. 

Overheated stove, 1 ; woodwork near stove, 
1 ; spark from chimney, 1 ; unknown, 2. 

Friction, 1. 

Cigar in spittoon, 1 ; curtain near gas jet, 1 ; 
defective chimney, 1; incendiary, 4; 
kerosene vapor, 5 ; netting from lamp, 1 ; 
sparks from stove, 1 ; unknown, 4. 

Children playing with matches, 1 ; careless 
use of matches, 1 ; incendiary, 5 ; kerosene 
vapor, 1 ; spontaneous, 2. 

Defective chimney, 1 ; exposure, 1 ; smoking, 
1 ; sparks from locomotive, 1 ; unknown, 
2. 

Exposure, 2 ; sparks from chimney, 1 ; over- 
heated stove, 1 ; unknown, 3. 

Ashes in wooden vessel, 2 ; exposure, 2 ; 
incendiary, 1; overheated journal, 2; 
sparks from fire-box, 3 ; kerosene vapor, 
1 ; spontaneous, 4 ; sparks from chimney, 
1 ; vapor of japan, 1 ; unknown, 10. 

Defective furnace, 1 ; overheated stove, 1. 

Careless use of matches, 1 ; mice and 
matches, 1 ; spark from stove, 1 ; un- 
known, 1. 

Kerosene vapor, 1 ; naphtha vapor, 1 ; un- 
known, 1. 

Cigar in wood spittoon, 1. 

Incendiary, 2 ; sparks from locomotive, 2 ; 
explosion of naphtha, 1 ; varnish boiling 
over, 1 ; plumber's fire-pot, 1 ; sponta- 
neous, 1. 

Unknown, 1. 

Incendiary, 1 ; overheated journal, 2 ; spon- 
taneous, 1. 

Incendiary, 1. 

Curtain near gas jet, 1 ; unknown, 1. 

Careless use of matches, 2 ; exposure, 1 ; 
unknown, 2. 

Exposure, 1 ; incendiary, 1. 

Overheated stove, 1 ; spontaneous, 1 ; un- 
known, 1. 

Careless use of matches, 1 ; incendiary, 4 ; 
overheated stove, 3 ; unknown, 4. 

Exposure, 1 ; incendiary, 5 ; plumber's fire- 
pot, 1 ; overheated furnace, 1 ; sparks 
from chimney, 2 ; sparks from fire-box, 
1 ; unknown, 4. 

Fireworks, 1 ; incendiary, 3 ; thawing water- 
pipe, 1 ; unknown, 2. 

Kerosene vapor, 1 ; unknown, 1. 

Careless use of matches, 1 ; try-kettle, 1 ; 
unknown, 1. 

Spontaneous, 1. 

Defective furnace, 1 ; incendiary, 1 ; ex- 
posure, 1 ; spark from chimney, 1. 



XCV111 



REPORT OF THE 



Table XVI. — Causes of Fire Classified — Concluded. 



Property. 



Cause of Kike. 



Store-houses (general), 

Smoke-houses, 

Stove and tinware stores, 

Sugar refineries, . 

Tailors and dressmakers, 

Telephone and telegraph stations, 
Tanneries and curriers, 
Tobacco barns, .... 



Unclassed (contents unknown, loss 



confined to building), 



Unoccupied buildings, . 



Upholsterer, 

Vessels at wharves, 

Whip factories, .... 

"Woodworking establishments (with 
out power), .... 



Woodworking establishments (with 



power) , 



r 
\ 

Wood and coal yards, . . . j 

Wood-sheds and outbuildings, . . j 
Woodenware stores, 

Woollen factories, 



: : 



Defective chimney, 1 ; exposure, 14 ; incen- 
diary, 6 ; smoking, 1 ; spontaneous com- 
bustion, 5; overheated stove, 2; un- 
known, 5. 

Sparks from fire-place, 1 ; unknown, 1. 

Defective chimney, 1 ; exposure, 1 ; kero- 
sene vapor, 1 ; plumber's fire-pot, 1 ; un- 
known, 3. 

Exposure, 1 ; unknown, 1. 

Ashes in wooden vessel, 1 ; curtain near 
gas jet, 1 ; defective chimney, 1 ; ex- 
posure, 3 ; fire-crackers, 1 ; kerosene 
vapor, 2 ; sparks from chimney, 1 ; un- 
known, 2. 

Wires crossing, 1. 

Clothes drying near stove, 1 ; exposure, 3 ; 
incendiary, 2 ; overheated stove, 1 ; sparks 
from furnace, 2 ; spontaneous, 1 ; un- 
known, 5. 

Unknown, 1. 

Careless use of matches, 6; children play- 
ing with matches, 1 ; curtain near gas, 1 ; 
defective chimney, 3 ; exposure, 8 ; fire- 
crackers, 1; incendiary, 8; kerosene 
vapor, 3 ; gas leaking, 1 ; lightning, 1 
naphtha vapor, 1 ; overheated stove, 4 
sparks from chimney, 5; spontaneous, 3 
smoking, 1 ; soot in chimney, 2 ; wood- 
work near gas jet, 1 ; unknown, 15. 

Children playing with matches, 1 ; ex- 
posure, 5 ; lightning, 1 ; incendiary, 20 ; 
smoking, 1 ; overheated stove, 1 ; sponta- 
neous, 1 ; woodwork near gas jet, 1 ; un- 
known, 10. 

Sparks from stove, 1. 

Sparks from galley-stove, 1 ; tar boiling 
over, 1 ; smoking, 1 ; unknown, 3. 

Spontaneous combustion of oily waste, 5. 

Defective chimney, 5 ; exposure, 4 ; incen- 
diary, 3 ; plumber's fire-pot, 1 ; sponta- 
neous, 3 ; sparks from locomotive, 1 ; 
sparks from chimney, 1 ; unknown, 8. 

Defective boiler setting, 1 ; exposure, 8 ; 
from fire-box, 5; incendiary, 9; over- 
heated bearing, 2 ; sparks from chimney, 
6 ; spontaneous, 3 ; woodwork near gas 
jet, 1 ; unknown, 14. 

Exposure, 1 ; sparks from engine, 1 ; spon- 
taneous combustion, 5. 

Ashes in wooden vessel, 2 ; incendiary, 2 ; 
overheated stove, 1 ; unknown, 3. 

Cigar in wooden spittoon, 1. 

Defective chimney, 2 ; incendiary, 1 ; light- 
ning, 1 ; overheated bearing, 1 ; over- 
heated stove, 1 ; unknown, 2. 



INSURANCE COMMISSIONER. 



XC1X 



Table XVII. 



■ Number of Fires and Amount of Loss from 
Causes Classified and Combined. 



Unknown, 

Incendiary (reported), 

Exposure, 

Defective chimney, .... 

Overheated bearings (friction), . 

Spontaneous combustion, 

Kerosene vapor from breakage and explosion 

Overheated stove, 

Lightning (fire ensuing), 

Overheated hot air pipes, 

Smoking, 

Ashes in wooden vessels, 

Curtains, goods and woodwork near gas jet or 

candle, 

Sparks from chimney, stove or fire place, 

Slacking lime, 

From fire box under boiler, 

Mice and matches, .... 

Tar kettle boiling over, 

Careless use of matches, 

Children playing with marches, . 

Sparks from locomotive, 

Explosion of gas, 

Electric lights, 

From cupola of furnace, 

Soot in chimney, 

Woodwork and piled wood near stove or 

place, .... 
Fireworks and fire crackers, 
Clothes drying near stove, . 
Thawing water pipes, 
Fat boiling over, . 
From picker, 
Vapor of volatile oil, 
Sparks from forge, 
Set by tramps, 
Sparks from kiln, . 
Hot iron on woodwork 
Explosion of boiler, 
Explosion of range, 
Plumber's fire pot, 
Timber built into chimney, 



fire- 



466 

278 

204 

158 

13 

60 

114 

64 

37 

4 

32 

14 

49 

83 

3 

11 

10 

4 

48 

61 

15 

3 

3 

4 

8 

11 
16 

7 

12 

7 

2 

10 
2 
4 
1 
1 
1 
1 
5 
2 



1,367,644 

58M05 

271.912 

149,893 

138,306 

129,989 

102,567 

72,584 

60,097 

48,247 

35,068 

26,608 

21,243 

21,758 

17,537 

19,135 

11,923 

10,656 

9,642 

8,982 

7,082 

6,295 

5,220 

5,789 

5,208 

5,127 

5,059 

4,959 

4,753 

1,771 

1.200 

1,141 

1,050 

1,050 

1,000 

622 

150 

60 

36 

30 



c REPORT OF THE INS. COMMISSIONER. 

Table XVIII. — Statement oj the Receipts and Expenditures of 
the Insurance Department for the Year ending Dec. 31, 1885. 

[Made pursuant to Chap. 119, Sect. 21, Public Statutes.] 

Receipts. 



Compensation for valuation of life insurance policies, 
License fees, filing statements, certificates, etc., 



$12,209 79 
21,734 00 



#33,943 79 



Expenditures. 



Commissioner. 






John K. Tarbox, 




$3,000 00 


Deputy Commissioner. 






William S. Smith 




2,500 00 


Clerks. 


. 




Fred. L. Cutting, First, .... 


f 1,800 00 




James E. Shepard, Second, .... 


1,500 00 




Eugene M. Moriarty, to June 30, . 


500 00 




Philip A. Hartley, from Sept. 1, . 


333 34 


4,133 34 






Extra Clerks. 






Charlotte E. Weis, 


$ 840 00 




Affie N. Tenney, . 












750 00 




Mary L. McMann, . 












750 00 




Mary A. Allen, 












718 75 




Alice M. Hawes, . 












750 00 




Ella L. Johnson, . 












750 00 




Emma W. Cushman, 












750 00 




Caroline L. Sawyer, 












718 75 




S. Lizzie Flint, 












750 00 




Florence E. Gowell, from Nov. 9, 






86 63 








6,864 13 


General Expenditures. 




Printing and binding, 


$981 63 




Travelling expenses, . 










157 96 




Postage, 










344 38 




Certificate and other books, 










104 63 




Stationery, 










133 23 




Telegrams and express, 










79 76 




Legal expenses, . 










•2b 63 




Newspapers and advertising, 








43 60 




Examinations, 








14 08 








1,884 90 






Total expenditures for 1885, . 


$18,382 37 


Fees collected and paid into State treasury, 




33,943 79 


Surplus accrued to 


Com 


mom 


vealt 


hL, 




$15,561 42 



MASSACHUSETTS MUTUAL 

FIRE INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1885. 



MASSACHUSETTS MUTUAL [Dec. 31 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



ABINGTON MUTUAL FIRE INSURANCE COMPANY, 

ABINGTON. 

[Incorporated May 30, 1856. Commenced business Jan. 15, 1857.] 

Joseph Vaughn, President. Isaac C. Howland, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



Chicago city bonds, 
Toledo city bonds, 
Union Pacific Railroad bonds, 
Eastern Railroad bonds, 
Old Colony Railroad bonds, 
14 shares Northern Pacific Railroad stock, 
" " " scrip, 

20 " Metropolitan Nat'l Bank, Boston 
14 " First National Bank, Salem, 

10 " Globe National Bank, Boston, 
10 " State National Bank, Boston, 
10 " Old Boston Nat'l Bank, Boston, 
26 " Abington Nat'l Bank, Abington, 

21 " First National Bank, Danvers, 
10 " Hide & Leather Nat'l B'k, Boston 

6 " Republic National Bank, Boston 



Par value. 

$3,000 00 
1,000 00 
1,000 00 
3,000 00 
3,000 00 
1,400 00 

155 40 
2,000 00 
1,400 00 
1,000 00 
1,000 00 

500 00 
2,600 00 
1,575 00 
1,000 00 

600 00 



Market value. 

$3,685 00 
1,-240 00 
1,135 00 
3,645 00 
3,668 75 
866 25 
139 86 

2.190 00 
1,820 00 

992 50 
1,237 50 

600 00 
3,159 00 
1,837 50 

1.191 25 
834 00 



$24,230 40 $28,241 61 



Summary of Assets, Dec. 31, 1885. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule, 
Loans on personal security, . 
Cash in the office of the company, 
Cash deposited in bank, 
Premiums in course of collection (net) 
Interest due and accrued, 

Gross assets, .... 



$550 00 

24,080 00 

28,241 61 

1,400 00 

972 14 

1,168 89 

810 65 

754 03 



$57,977 32 



1885.] FIRE INSURANCE COMPANIES. 



Liabilities. 

Losses and claims adjusted, but not due, 
Claimed and reported losses, not adjusted, 
LTnearned premiums on outstanding risks, 
Dividends due on terminated policies, 
State and local taxes, due or accrued, . 
Gross liabilities, .... 



$32 25 

20 00 

27,156 52 

227 00 
62 38 



27,498 15 



Surplus $30,479 17 



Income. 

Cash premiums received during the year, . $24,134 09 
Deduct return premiums, .... 1,031 11 

Net cash premiums received, . . . 

Received for interest on mortgages, 

for interest from all other sources, 

for rents, 

from all other sources, 

Deposit notes received during the year, . $71,697 78 

Gross cash income, 



$23,102 98 

855 55 

1,605 61 

100 00 

32 54 



$25,696 68 



Expenditures. 

Paid for losses during the year, .... 
for brokerage and commissions, . 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 



$6,782 11 

3,620 49 

1,449 00 

288 20 

4,514 76 

300 00 

687 43 

$17,641 99 



Miscellaneous. 

Risks outstanding Dec. 31, 1884, . . . $2,859,529 00 
Risks written during 1885, .... 1,522,142 00 

Total, 

Risks terminated during 1885, 



$4,381,671 00 
1,054,469 00 



Net amount in force Dec. 31, 1885, $3,327,202 00 

Deposit notes received on outstanding risks, . . . 163,357 08 

Losses incurred during the year, 5,649 42 

Percentage of profits or surplus returned during 1885, 20, 40 and 50 per 
cent. 



MASSACHUSETTS MUTUAL [Dec. 31, 



ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, 

GLOUCESTER. 

[Incorporated March 1, 1847. Commenced business Dec. 28, 1847.] 

Charles A. Fernald, President. James S. Jewett, Secretary. 

[Note. — This company charges a cash premium adequate for ex- 
penses only, and relies upon assessments upon deposit notes to pay 
losses.] 

Summary of Assets Dec. 31, 1885. 
Loans on mortgage of real estate (first liens) , $3,325 00 
United States bonds, 
Loans on personal security, . 
Cash in the office of the company, 
Cash deposited in savings banks, 
Interest due and accrued, 

Office safe, $85 00 

Gross assets, 

Income. 

Received for interest on mortgages, . 

for interest from all other sources, 

from expense assessments, . 
Deposit notes received during the year, 



615 00 




594 33 




487 49 




2,649 20 




102 69 






$7,773 71 






$129 99 


. 


74 50 


. 


263 47 


fr6,007 80 





Gross cash income, 



$467 96 



Expenditures. 
Paid for salaries and fees of officers and employees, . 

for State and local taxes, 

for incidental expenses, 

Gross cash expenditures, 



$283 00 

2 01 

52 13 

$337 14 



Miscellaneous. 
Risks outstanding Dec. 31, 1884, . . . $345,502 00 
Risks written during 1885, .... 92,010 00 

Total, $437,512 00 

Risks terminated during 1885, 92,560 00 

Net amount in force Dec. 31, 1885, $344,952 00 

Deposit notes received on outstanding risks, . . . 23,829 00 



1885.] FJRE INSURANCE COMPANIES. 



ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Feb. 8, 1860. Commenced business Oct. 1, I860.] 

Waldo Higginson, President Edward H. Sprague, Secretary. 

Office 31 Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par value. 



United States bonds, 

Massachusetts State bonds, 

Maine State bonds, 

Worcester city bonds, . 

Cambridge city bonds, . 

Boston city bonds, 

Providence city bonds, 

Boston and Albany Railroad bonds, 

Fitchburg Railroad bonds, . 

Old Colony Railroad bonds, 

Boston and Maine Railroad bonds, 

Boston and Lowell Railroad bonds, 

Atch., Topeka and Santa Fe R. R. bonds, 

Chicago, Burl, and Quincy Railroad bonds, 

Phila., Wilm. and Baltimore R. R. bonds, 

N. Y., Providence and Boston R. R. bonds, 

Corporation notes, .... 



825,000 00 

20,000 00 

13,000 00 

25,000 00 

15,000 00 

20,000 00 

10,000 00 

30,000 00 

25,000 00 

24,000 00 

14,000 00 

12,000 00 

10,000 00 

30,000 00 

20,000 00 

10,000 00 

25,000 00 



Market value. 

$30,500 00 

22,800 00 

14,300 CO 

25,000 00 

16,050 00 

25,000 00 

11,500 00 

35,700 00 

28,300 00 

29,370 00 

17,080 00 

14,400 00 

12,400 00 

32,800 00 

21,200 00 

10,200 00 

25,000 00 



$328,000 00 $371,600 00 



Summary of Assets, Dec. 31, 1885. 

Stocks, bonds, etc., as per schedule, . . $371,600 00 

Cash in the office of the company, . . 1,455 95 

Cash deposited in bank, .... 12,573 83 

Interest accrued, 4,856 24 

Gross assets, $390,486 02 

Liabilities. 

Claimed and reported losses, not adjusted, . $14 90 

Unearned premiums on outstanding risks, . 172,623 27 

State and local taxes, due or accrued, . . 630 28 

Gross liabilities, 173,268 45 

Surplus, $217,217 57 



Income. 
Cash premiums received during the year, 
Deduct return premiums, . 
Net cash premiums received, 
Received for interest from all sources, 
Deposit notes received during the year, 

Gross cash income, 



$354,740 27 
11,640 20 



$1,773,701 35 



$343,100 07 
12,282 04 

$355,382 11 



MASSACHUSETTS MUTUAL [Dec. 31 



Expenditures. 
Paid for losses during the year, .... 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 



$27,040 62 

1 0,253 00 

3,444 22 

276,943 65 

925 00 

3,689 57 

$327,296 06 



Miscellaneous. 
Risks outstanding Dec. 31, 1884, . . $39,008,515 00 
Risks written during 1885, . . . 42,146,918 00 

Total, $81,155,433 00 

Risks terminated during 1885, 40,460,875 00 



Net amount in force Dec. 31, 1885, .... $40,694,558 00 
Deposit notes received on outstanding risks, . . . 1,726,232 75 

Losses incurred during the year, 27,055 52 

Percentage of profits or surplus returned during 1885, 85 per cent. 
Average rate to date, 66 T 4 6 5 per cent. 



ASHFIELD MUTUAL FIRE INSURANCE COMPANY, ASHFIELD. 

[Incorporated June 4, 1873. Commenced business July 19, 1873.] 

Henry S. Ranney, President. Asa G. Wait, Secretary. 

[Note. Insures property in the town of Ashfield only.] 

Summary of Assets, Dec. 31, 1885. 
Cash in the office of the company, . . . $424 32 

Gross assets, $424 32 

Income. 

Cash premiums received during the year, .... 

Received for interest from all sources, .... 

Deposit notes received during the year, . . $82 58 



Gross cash income, 



$13 78 
15 79 


$29 57 
$0 06 



Expenditures. 
Paid for State and local taxes, 

Gross cash expenditures, $0 06 

Miscellaneous. 

Risks outstanding Dec. 31, 1884, . . . $45,299 75 
Risks written during 1885, .... 2,752 50 

Total $48,052 25 

Risks terminated during 1885, 13,971 50 

Net amount in force Dec. 31, 1885, $34,080 75 

Deposit notes received on outstanding risks, . . . 1,111 42 



1885.] FIRE INSURANCE COMPANIES. 



ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY, 

ATTLEBOROUGH. 

[Incorporated Feb. 24, 1844. Commenced business July 1, 1845.] 

Joseph W. Capron, President. Elijah R. Read, Secretary. 

Summary of Assets, Dec. 31, 1885. 
Loans on mortgage of real estate (first liens), $3,500 00 

Cash in the office of the company, . . 68 34 

Cash deposited in bank, .... 14,345 26 

Premiums in course of collection (net), . 37 52 

Interest due and accrued, .... 214 67 

Gross assets, $18,165 79 



Liabilities. 

Unearned premiums on outstanding risks, . 
Gross liabilities, 



Surplus, 



Income. 

Cash premiums received during the year, 
Deduct return premiums, 
Net cash premiums received, 
Received for interest from all sources, 
Received from all policy fees, 
Deposit notes received during the year, 



Gross cash income, 



i,165 16 





t/,lU.J 1U 


• 

^1,832 45 
87 92 


$13,000 63 

$1,744 53 
692 52 
300 00 


^7,128 20 



Expenditures. 

Paid for losses during the year, . . . . 

for salaries and fees of officers and employees, . 

for State and local taxes, 

for incidental expenses, 



Gross cash expenditures, 



Miscellaneous. 



Risks outstanding Dec. 31, 1884, . 

Risks written during 1885, .... 

Total, 

Risks terminated during 1885, 

Net amount in force Dec. 31, 1885, 

Deposit notes received on outstanding risks, 

Losses incurred during the year, . 



. $1,513,095 00 
315,560 00 



$2,737 05 



M,990 


00 


325 


00 


16 


97 


41 


30 



$2,373 27 



.,828,655 00 
258,860 00 



,569,795 00 

40,925 02 

1,990 00 



8 



MASSACHUSETTS MUTUAL [Dec. 31, 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE 
COMPANY, YARMOUTHPORT. 

[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.] 

Joseph R. Hall, President. Frank Thacher, Secretary. 



Detailed Statement of Stocks, 



United States bonds, 

Maine State bonds, 

Fall River city bonds, . 

Sheboygan city bonds, . 

Union Pacific Railroad bonds, 

Old Colony Railroad bonds, . 

Iowa Falls and Sioux City Railroad bonds, 

Chicago and East Illinois Railroad bonds, 

Oregon Short Line R.R. stock sub. and b'ds 

22 shares Merchandise Nat'l Bank, Boston, 

20 ( 

25 ' 

4 

8 
15 

5 
40 ' 
10 ' 
63 ' 
50 ' 
10 ' 
50 ' 



State National Bank, Boston, 
Tremont National Bank, Boston, 
Massachusetts Nat'l B'k, Boston, 
Sbawniut National Bank, Boston 
Redemption NatM Bank, Boston, 
Republic Nat'l Bank, Boston, 
First National Bank, Yarmouth, 
Falmouth National Bank, 
Old Colony Railroad, . 
Union Pacific Railroad, 
Central Pacific Railroad, 
Atch., Top. and Santa Fe R. R., 



Bonds, etc. 

Par value. 

18,000 00 
2,500 00 
1,000 00 

750 00 
15,000 00 
5,000 00 
2,000 00 
2,465 00 
1,000 00 
2,200 00 
2,000 00 
2,500 00 
1,000 00 

800 00 
1,500 00 

500 00 
4,000 00 
1,000 00 
6,300 00 
5,000 00 
1,000 00 
5,000 00 



Summary of Assets, Dec. 31, 1885. 

Cash value of unencumbered real estate, . $2,231 69 

Loans on mortgage of real estate, . . 6,200 00 

Stocks, bonds, etc., as per schedule, . . 78,819 14 

Loans on personal security, .... 3,657 60 

Cash in the office of the company, . . 772 84 

Cash deposited in various banks, . . . 3,178 77 

Interest due and accrued, .... 1,125 94 

Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, . . $45,224 10 

State and local taxes, due or accrued, . 56 75 

Gross liabilities, 



Market value. 

$9,010 00 
2,762 50 
1,100 00 

710 00 
16,630 00 
6,075 00 
2,600 00 
2,835 00 
1,082 50 
2,244 00 
2,475 00 
2,787 50 

997 52 

974 00 
1,858 12 

695 00 

5,120 00 

1,200 00 

10,064 25 

2,768 75 

430 00 
4,400 00 



$70,515 00 $78,819 14 



$95,985 98 



45,280 85 



Surplus, 150,705 13 



1885.] FIRE INSURANCE COMPANIES. 



Income. 
Cash premiums received during the year, 
Received for interest from all sources, 
for rents, .... 
Deposit notes received during the year, 



|91,395 00 



Gross cash income, 



Expenditures. 

Paid for losses during the year, .... 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 
for incidental expenses, .... 



Gross cash expenditures, 



Miscellaneous. 



Risks outstanding Dec. 31, 1884, 
Risks written during 1885, . 
Total, .... 
Risks terminated during 1885, 



$5,380,197 48 
1,873,241 00 



$31,590 89 

3,986 60 

30 00 



$35,607 49 



$1,716. 15 

4,525 35 

311 68 

22,421 59 

1,157 16 

$30,131 93 



$7,253,438 48 
1,697,959 25 



Net amount in force Dec. 31, 1885, $5,555,479 23 

Deposit notes received on outstanding risks, . . . 262,489 72 

Losses incurred during the year, 1,716 15 

Percentage of profits or surplus returned during 1885, 80 per cent. 
Average rate to date, 80 per cent. 



BERKSHIRE MUTUAL FIRE INSURANCE COMPANY, 

1TTTSFIELD. 

[Incorporated March, 1835. Commenced business August, 1835.] 

Jabez L. Peck, President. John M. Stevenson, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

$5,000 00 $8,900 00 



50 shares Boston & Albany Railroad, 
140 " N. Y. Central and Hudson R. R., 
100 " Adams Express Co., . 
75 " Pittsfield National Bank, . 
15 " First National Bank, Adams, 
10 " Agricultural National Bank, 
12 - Third National Bank, Pittsfield 
8 " Adams National Bank, 
30 " Chicago, Burl, and Q. 
Western Union Telegraph bonds, 
Baltimore and Ohio R. R. bonds, 
Chicago and West Indiana R. R. bonds, 



14,000 00 
10,000 00 
7,500 00 
1,500 00 
1,000 00 
1,200 00 
800 00 
3,000 00 
4,000 00 
2,000 00 
3,000 00 



14,700 00 
14,500 00 
12,375 00 
2,250 00 
2,500 00 
1,620 00 
1,200 00 
4,050 00 
4,720 00 
2,140 00 
3,240 00 



$53,000 00 $72,195 00 



10 



MASSACHUSETTS MUTUAL [Dec. 31, 



Summary of Assets, Dec. 31, 1885. 

Cash value of unencumbered real estate, . $6,000 00 

Stocks, bonds, etc., as per schedule, . . 72,195 00 

Cash in office of the company, . . . 766 42 

Cash deposited in the bank, . . . 1,588 93 

Premiums in course of collection (net), . 688 69 

Interest accrued, 103 36 

Gross assets, 



$81,342 40 



Liabilities. , 

Unearned premiums on outstanding risks, $35,292 46 

Dividends due on terminated policies, . 150 00 

State and local taxes, due or accrued, . 41 02 

Gross liabilities, 



Surplus, 



Income. 

Cash premiums received during the year, $18,820 13 
Deduct return premiums, .... 499 32 

Net cash premiums received, 
Received for interest from all sources, 

for rents, .... 

from all other sources, 
Deposit notes received during the year, . $54,962 43 

Gross cash income, 



35,483 48 
$15,858 92 



$18,320 81 

3,201 75 

552 00 

144 67 

822,219 23 



Expenditures. 

Paid for losses during the year, .... 

for brokerage and commissions, 
for salaries and fees of officers and employees, 

for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, 

for. incidental expenses, 

Gross cash expenditures, 

Miscellaneous. 

Risks outstanding Dec. 31, 1884, . . $4,930,672 00 

Risks written during 1885, . . . 1,353,969 00 

Total, 

Risks terminated during 1885, 



$3,779 07 

1,872 90 

1,963 61 

165 90 

6,610 75 

250 00 

596 05 

$15,238 28 



$6,284,641 00 
1,076,818 00 



Net amount in force Dec. 31, 1885, $5,207,823 00 

Deposit notes received on outstanding risks, . . . 212,130 08 

Losses incurred during the year, 3,779 07 

Percentage of profits or surplus returned during 1885, 20, 30, 50 per cent. 



1885.] FIRE INSURANCE COMPANIES. 



11 



BOSTON MANUFACTURERS 1 MUTUAL FIRE INSURANCE 
COMPANY, BOSTON. 

[Incorporated March 15, 1850. Commenced business Oct. 15, 1850.] 

Edward Atkinson, President. William B. Whiting, Secretary. 

Office, 31 Milk Street. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds $50,000 00 $62,000 00 

Phila., Wilm. and Baltimore R. R. bonds, . 40,000 00 42,800 00 

Chicago, Burlington and QuincyR.R. bonds, 100,000 00 104,000 00 

New York Central Railroad bonds, . . 50,000 00 54,500 00 

Union Pacific Railroad bonds, . . . 30,000 00 33,900 00 

Eastern Railroad bonds, .... 20,000 00 24,400 00 

Burl, and Mo. Railroad in Neb. R. R. bonds, 30,000 00 36,000 00 

Michigan Central Railroad bonds, . . 30,000 00 33,000 00 

Kansas City, Lawrence and So. R. R. bonds, 20,000 00 22,000 00 

Old Colony Railroad bonds, . . . 14,000 00 15,400 00 

Boston and Lowell Railroad bonds, . . 50,000 00 51,500 00 

West Shore Railroad bonds, . . . 50,000 00 51,000 00 

Pennsylvania Company Railroad bonds, . 30,000 00 33,000 00 

Somerville city bonds, .... 10,000 00 10,000 00 

Certificates secured by real estate mortgage, 25,000 00 25,000 00 



$549,000 00 $598,500 00 



Summary of Assets Dec. 31, 1885. 

Stocks, bonds, etc., as per schedule, . . $598,500 00 

Cash in the office of the company, . . 8,049 75 

Cash deposited in bank, .... 49,999 08 

Interest due and accrued 6,478 40 

Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, $307,215 72 

State and local taxes, due or accrued, . 1,114 66 

Gross liabilities, 



$663,027 23 



$308,330 38 



Surplus, $354,696 85 



Income. 

Cash premiums received during the year, 
Deduct return premiums, . 
Net cash premiums received, 
Received for interest from all sources, 
Deposit notes received during the year, 



$626,474 88 
19,562 72 



$3,132,374 40 



$606,912 16 
54,310 91 



Gross cash income, 



$661,223 07 



12 



MASSACHUSETTS MUTUAL [Dec. 31, 



Expenditures. 
Paid for losses during the year, .... 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 

Miscellaneous. 
Risks outstanding Dec. 31, 1884, . . $73,198,059 00 
Risks written during 1885, . . . 76,526,160 00 



$94,698 86 

23,287 87 

6,122 71 

445,881 51 

2,070 00 

14,248 83 

$586,309 78 



Total, . 
Risks terminated during 1885, 



$149,724,219 00 
71,987,254 00 



Net amount in force Dec. 31, 1885, $74,736,965 00 

Deposit notes received on outstanding risks, . . . 3,072,157 20 

Losses incurred during the year, 94,698 86 

Percentage of profits or surplus returned during 1885, 75 T y^ per cent. 
Average rate to date, 67 T 7 5 8 5 per cent. 



BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY, 

NEW BEDFORD. 

[Incorporated Feb. 29, 1829. Commenced business July 4, 1829.] 

Jonathan Bourne, President. George N. Alden, Secretary. 

[Note. Policies are all issued for seven years, five per cent, of 
the premium note being received in cash at the time of issuing the 
policy. The notes are assessed as necessity requires. No cash funds 
are accumulated.] 

Summary of Assets, Dec. 31, 1885. 

Cash in the office of the company, 
Cash deposited in bank, .... 
Premiums in course of collection (net), 
Gross assets, 

Liabilities. 
Owing for borrowed money, 
State and local taxes, due or accrued, 

Gross liabilities, $907 40 

Income. 

Cash premiums received during the year, . $4,103 60 

Deduct return premiums, . . . . 96 13 

Net cash premiums received, . . . 4,007 47 

Deposit notes received during the year, . $80,661 00 r 

Gross cash income, $4,007 47 



$140 67 
419 33 
400 88 


$900 00 
7 40 



1885.] Flf^E INSURANCE COMPANIES. 



13 



Expenditures. 

Paid for losses during the year, .... 
for brokerage and commissions, 
for salaries and fees of officers and employees, 
for interest on borrowed money, 
for State and local taxes, .... 
for incidental expenses, .... 

Gross cash expenditures, .... 



Miscellaneous. 

Risks outstanding Dec. 31, 1884, . . . $3,886,256 00 
Risks written during 1885, .... 641,475 00 



$473 


16 


139 


18 


1,625 


00 


70 


41 


38 


03 


250 97 



12,596 75 



Total, 

Risks terminated during 1885, 

Net amount in force Dec. 31, 1885, 

Deposit notes received on outstanding risks, 

Losses incurred during the year, 



$4,527,731 00 
716,625 00 

$3,811,106 00 

481,569 00 

473 16 



CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY, 

CAMBRIDGE. 

[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.] 

Josiah W. Cook, President. Alfred L. Barbour, Secretary. 
Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

5 shares Cambridgeport National Bank, . $500 00 $750 00 

1 share Framingham National Bank, . 100 00 150 00 

15 shares City National Bank, . . . 1,500 00 2,250 00 

10 " First Ward National Bank, . . 1,000 00 1,200 00 

Cambridge city bonds, .... 2,0Q0 00 2,400 00 

Bath city bonds, 5,000 00 5,150 00 

Cincinnati city bonds, 6,000 00 7,800 00 

Portland city bonds, 10,000 00 12,000 00 

Belfast city bonds, 2,000 00 2,040 00 

Bangor city bonds, 3,000 00 3,450 00 

Haverhill city bonds, 1,000 00 1,110 00 

Toledo city bonds, 3,000 00 3,182 50 

Chicago city bonds, 2,000 00 2,400 00 

Marion County (Ind.), bonds, . . . 1,000 00 1,050 00 

Highland Railway bonds, .... 4,000 00 4,400 00 

Eastern Railroad bonds, .... 1,500 00 1,800 00 



$43,600 00 $51,132 50 



14 



MASSACHUSETTS MUTUAL [Dec. 31, 



Summary of Assets, Dec. 31, 1885. 

Cash value of unencumbered real estate, . $5,800 00 

Loans on mortgage of real estate (first liens), 80,733 00 

Stocks, bonds, etc., as per schedule, . . 51,132 50 

Loans on personal security, . . . 8,300 00 

Cash in the office of the company, . . 1,378 48 

deposited in the bank, . . 13,802 89 

Premiums in course of collection (net), . 2,728 56 

Interest due and accrued, .... 2,685 00 
Office furniture, .... $1,500 00 

Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, . $48,935 11 

Dividends due on terminated policies, . 310 74 

Rents due or accrued, 137 50 

Gross liabilities, 



$ 166,560 43 



49,383 35 



Surplus, 8117,177 08 



Income. 

Cash premiums received during the year, 

Deduct return premiums, . 

Net cash premiums received, 

Received for interest on mortgages, . 

for interest from all other sources 
for rents, .... 

Deposit notes received during the year, 

Gross cash income, 



$34,529 20 
1,237 13 



?34,285 07 



Expenditures. 
Paid for losses during the year, .... 
for brokerage and commissions, 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 



Gross cash expenditures, 



$33,292 07 

3,619 00 

3,402 92 

530 00 



$40,843 99 

$1,828 36 

3,832 78 

3,794 99 

425 55 

10,640 50 

550 00 

2,672 96 

$23,745 14 



Miscellaneous. 



Risks outstanding Dec. 31, 1884, 
written during 1885, . 
Total, .... 
Risks terminated during 1885, 



$5,902,479 00 
2,390,873 00 



$8,293,352 00 
1,654,090 00 



Net amount in force Dec. 31, 1885, $6,639,262 00 

Deposit notes received on outstanding risks, . . . 97,870 00 

Losses incurred during the year, 1,828 36 

Percentage of profits or surplus returned during 1885, 40 and 60 per 
cent. 



1885.1 FIRE INSURANCE COMPANIES. 



15 



CITIZENS 1 MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated April 7, 1846. Commenced business Oct. 5, 1846.] 

Henry C. Bigelow, President. Joseph W. Peabody, Secretary. 

Office, 8 Exchange Place. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. 

30 shares Hide and Leather National Bank, $3,000 00 

10 " Farmington (N. H.) Nat'l Bank, . 1,000 00 

Butchers' Slaught'g and Melt'g Ass'n bonds, 4,000 00 

Corporation notes, 36,601 88 



Market value . 

$3,570 00 
1,000 00 
4,000 00 

36,601 88 



Securities held as collateral for cash loans : — 

25 shares International Trust Co., 

Mortgage note, 

Mexican Central Railroad bonds, 
50 shares Atchison, Topeka and S. F., 
10 " American Bell Telephone, . 
Endorsed note, 



$44,601 88 $45,171 88 



Market value. 

$2,500 00 

600 00 

7,000 00 

5,900 00 \ 
1,500 00 



Loaned thereon. 

$1,500 00 

325 00 

5,000 00 

5,000 00 
1,500 00 



$17,500 00 $13,325 00 



Summary of Assets, Dec. 31, 1885. 

Cash value of unencumbered real estate, . $24,275 00 

Loans on mortgage of real estate (first liens), 171,250 00 

Stocks, bonds, etc , as per schedule, . . 45,171 88 

Loans on collateral security, as per schedule, 13,325 00 

Cash in the office of the company, . . 1,788 53 

Cash deposited in bank, .... 4,477 90 

Premiums in course of collection (net), . 3,026 03 

Interest accrued, 2,698 92 

Pacific Nat'l Bank deposit, . $19,595 62 14,595 62 

Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, . $147,332 64 

Gross liabilities, 



$280,608 88 



147,332 64 



Surplus, $133,276 24 



Income. 
Case premiums received during the year, 
Deduct return premiums, . 
Net cash premiums received, 
Received for interest on mortgages, . 

DO ' 

for interest from all other sources 
for rents, . . 
from premiums on bonds sold, 
Deposit notes received during the year, 

Gross cash income, 



$64,240 60 
3,580 32 



$126,775 04 



$60,660 28 


8,826 69 


3,354 54 


535 85 


510 00 


$73,887 36 



16 



MASSACHUSETTS MUTUAL [Dec. 31, 



Expenditures. 
Paid for losses during the year . 

for brokerage and commissions, 

for salaries and fees of officers and employees, 

for interest on borrowed money, 

for State and local ti xes, 

for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, 
for repairs on real estate, . 

Gross cash expenditures, 

Miscellaneous. 
Risks outstanding Dec. 31, 1884, . . $21,438,197 00 

Risks written during 1885, .... 4,825,755 00 

Total, $26,263,952 00 

Risks terminated during 1885, 4,567,079 00 



$11,354 23 


9,180 81 


6,549 47 


58 


00 


942 


47 


26,882 


51 


800 


00 


2,099 


33 


243 


58 


|58,110 


40 



Net amount in force Dec. 31, 1885 $21,696,873 00 

Deposit notes received on outstanding risks, . . . 588,185 90 

Losses incurred during the year, 11,354 23 

Percentage of profits or surplus returned during 1885, 40, 50 and 70 per 
cent. 



COHASSET MUTUAL FIRE INSURANCE COMPANY, 

COHASSET. 

[Incorporated March 1, 1845. Commenced business March 1, 1846.] 

Louis N. Lincoln, President. J. Q. A. Lothrop, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 



9 shares City National Bank, 

3 " Merchants' National Bank, 



Par yalue. 

$900 00 
300 00 



Summary of Assets Dec. 31, 1885. 

Stocks, as per schedule, .... $1,437 00 

Cash in the office of the company, . . 12 23 

Cash deposited in bank, .... 2,588 79 

Premiums in course of collection (net), . 16 08 

Interest accrued, 13 50 

Office furniture, . . . . $125 00 

Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, $2,849 74 

Gross liabilities, 



Market value. 

§ 1,062 00 
375 00 



$1,200 00 $1,437 00 



$1,067 60 



2,849 74 



Surplus, . 



$1,217 86 



1885.] FIRE INSURANCE COMPANIES. 



17 



Income. 
Cash premiums received during the year, 
Received for interest from all sources, 

from all other sources, 
Deposit notes received during the year, 

Gross cash income, 



$3,520 00 



Expenditures. 
Paid for losses during the year, .... 
for brokerage and commissions, 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 



Gross cash expenditures, 

Miscellaneous. 
Risks outstanding Dec. 31, 1884, 
Risks written during 1885, .... 

Total, 

Risks terminated during 1885, 



$380,920 00 
58,680 00 



$889 70 

167 86 

38 98 

$1,096 54 



$22 00 


76 


40 


341 


50 


10 


67 


354 


30 


60 


00 


41 


65 



$906 52 



$439,600 00 
53,800 00 



Net amount in force Dec. 31, 1885, $385,800 00 

Deposit notes received on outstanding risks, . . . 22,797 92 

Losses incurred during the year, 20 00 

Percentage of profits or surplus returned during 1885, 50 per cent. 
Average rate to date, 55 per cent. 



COTTON AND WOOLEN MANUFACTURERS' MUTUAL FIRE 
INSURANCE COMPANY, BOSTON. 

[Incorporated October 19, 1875. Commenced business October 20, 1875.] 

Charles A. Stevens, President. B. F. Taft, Secretary 

Office, 31 Milk Street. 



Detailed Statement of Stocks, Bonds, etc. 



Fitchburg R. R. bonds, 
Boston and Lowell R. R. bonds, 
Chic. Burl, and Quincy R. R. bonds, 
Burl, and Mo. River R. R. bonds, 
Sonora R. R. bonds, 
Ackron (Ohio) city bonds, . 
Boston city bonds, 
Corporation notes endorsed, 



Par value. 

$16,000 00 

10,000 00 

10,000 00 

2,000 00 

5,000 00 

10,000 00 

2,000 00 

25,100 00 



Market value 

$18,600 00 

10,350 00 

10,833 34 

2,413 35 

5,125 00 

10,297 92 

2,235 00 

25,506 83 



$80,100 00 $85,361 44 



18 



MASSACHUSETTS MUTUAL [Dec. 31, 



Summary of Assets, Dec. 31, 1885. 



Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 
Cash deposited in bank, 
Premiums in course of collection (net), 
Gross assets, 



$85,361 44 
1,337 38 
7,571 39 
1,452 79 



$95,723 00 



Liabilities. 

Claimed and reported losses, not adjusted, 
Unearned premiums on outstanding risks, 
State and local taxes, due or accrued, 

Gross liabilities, 

Surplus, 

Income. 

Cash premiums received during the year, 
Deduct return premiums, .... 
Net cash premiums received, 
Received for interest from all sources, 

for rents, 

Deposit notes received during the year, 

Gross cash income, .... 



$11,197 48 

47,633 67 

212 79 



$97,938 52 
4,123 98 



$496,956 55 



59,043 94 



$36,679 06 



$93,814 54 
2,397 94 

482 80 



$96,695 28 



Expenditures. 

Paid for losses during the year, 

for salaries and fees of officers and employees, . 

for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, 

Gross cash expenditures, 

Miscellaneous. 
Risks outstanding December 31, 1884, . $7,776,957 00 
Risks written during 1885, .... 9,874,708 00 

Total, \ 

Risks terminated during 1885, 



$13,453 39 

5,376 28 

908 04 

38,044 54 

694 95 

4,851 85 

$63,329 05 



117,651,665 00 
7,623,437 00 



Net amount in force December 31, 1885, . . . $10,028,228 00 
Deposit notes received on outstanding risks, . . . 469,072 70 

Losses incurred during the year, 24,650 87 

Percentage of profits or surplus returned during 1885, 50 t 8 q per cent. 



1885.] FIRE INSURANCE COMPANIES. 



19 



DEDHAM MUTUAL FIRE INSURANCE COMPANY, 

DEDHAM. 

[Incorporated Feb. 22, 1838. Commenced business July 1, 1838.] 

George B. Faunce, President. Elijah Howe, Jr., Secretary. 



Detailed Statement of Stocks, 



12 shares Dedham National Bank, 

20 " Dedham Water Company, . 

United States bonds, .... 

Marquette and Ontonagon Railroad bonds 

Philadelphia and Reading Railroad bonds 

Old Colony Railroad bonds, 

Union Pacific Railroad bonds, 

Kansas City, St. Jo. and C. B. Railroad bonds 

Atch.,Topekaand Santa Fe Railroad bonds 

Oregon Railway and Nav. Co , bonds, 

Wichita and S. W. Railroad bonds, 

City of Cincinnati bonds, . 

New England Mortgage Security Co. bonds, 

Washington Co. (111.) bonds, 



Bonds, etc. 

Par value. 

$1,200 00 
2,000 00 
6,000 00 
8,000 00 
5,000 00 
2,000 00 

11,000 00 
2,000 00 
7,000 00 
4,000 00 
3,000 00 
6,000 00 
6,000 00 
5,000 00 



Market value. 

$1,380 00 
2,000 00 
6,780 00 
8,800 00 
5,800 00 
2,350 00 

11,990 00 
2,350 00 
7,210 00 
4,000 00 
3,270 00 
7,500 00 
6,000 00 
5,231 25 



,200 00 $74,661 25 



Summary of Assets, Dec. 31, 1885. 
Loans on mortgage of real estate (first liens) , $12,400 00 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, 
Premiums in course of collection (net), 
Interest due and accrued, 

Gross assets, 



Liabilities. 

Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, 
Dividends due on terminated policies, 
Rents and salaries, 

Gross liabilities, .... 

Surplus, 



Income. 
Cash premiums received during the year, . 
Received for interest on mortgages, . 

for interest from all other sources, 
eposit notes received during the year, 

Gross cash income, 



74,661 25 

1,630 26 

6,339 24 

948 73 

1,815 51 


$97,794 99 
19,365 39 


$16,540 31 

61 06 

2,339 02 

425 00 




$21,992 50 


178,429 60 

$10,837 67 

744 00 

4,184 99 


% 


$15,766 66 



20 



MASSACHUSETTS MUTUAL [Dec. 31, 



Expenditure 
Paid for losses during the year, .... 
for brokerage and commissions, . 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 



$886 49 


1,577 




1,611 


99 


141 


09 


5,521 


32 


60 00 


247 


70 



$8,045 61 



Miscellaneous. 
Risks outstanding Dec. 31, 1884, . . $1,943,848 84 

Risks written during 1885, .... - J66 00 

Total $2,672,614 84 

Risks terminated during 1885, 593,216 84 

Net amount in force Dec. 31, 1885, $2,079,398 00 

Deposit notes received on outstanding risks, . 65,933 84 

Losses incurred during the year, 386 49 

Percentage of profits or surplus returned during 1885, 33^ to 60 per cent. 



DORCHESTER MUTUAL FIRE INSURANCE COMPANY. 

NEPONSET. 

[Incorporated February, 1855. Commenced business July 2, 1855.] 

Edmund J. Baker, President. Thomas F. Temple, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 
Boston city bonds, 
Old Colony Railroad bonds, 
Boston and Lowell Railroad bonds, 
So. Boston Horse Railroad bonds, 
Metropolitan " " " 

56 shares Blue Hill National Bank. 
20 " Howard National Bank, 
20 " Continental National Bank, 
12 " Hide and Leather National Bank 
10 " New England National Bank, 
30 " Columbian National Bank, 
33 " State National Bank, . 
10 " Mt. Wollaston National Bank, 
5 " Granite National Bank, 
10 " Weymouth National Bank, 



Par value. 

$15,000 00 
5,000 00 
6,000 00 
5,000 00 
5,000 00 
5,000 00 
5,600 00 
2,000 00 
2,000 00 
1,200 00 
1,000 00 
3,000 00 
3,300 00 
1,000 00 
500 00 
1,000 00 



Market value. 

$17,500 00 
5,250 00 
7,320 00 
6,100 00 
5,432 64 
5,765 83 
6,552 00 
2,340 00 
2,210 00 
1,428 00 
1,460 00 
3,945 00 
4,092 00 
1,400 00 
650 00 
1,200 00 



1885.] FIRE INSURANCE COMPANIES. 



21 



50 shares Boston National Bank, 
235 " Boston and Albany Railroad, 
220 " Old Colony Railroad, . 

50 " Boston and Maine Railroad, 
6 " Boston and Lowell Railroad, 



Par value. 

$5,000 00 

23,500 00 

22,000 00 

5,000 00 

600 00 



Market value. 

$6,068 75 

42,300 00 

35,200 00 

9,100 00 

732 00 



$117,700 00 $166,046 22 



Summary of Assets, December 31, 1885. 

Cash value of unencumbered real estate, . 
Loans on mort'ge of real estate (first liens), 
Stocks, bonds, etc., as per schedule, . 
Cash deposited in bank, .... 
Premiums in course of collection (net), 
Interest due and accrued, .... 
Gross assets, .... 

Liabilities. 

Adjusted losses and claims, due and unpaid, 
Unearned premiums on outstanding risks, . 
Salaries and incidental expenses, 

Gross liabilities, 

Surplus, . 



Income. 

Cash premiums received during the year, . 

Deduct return premiums, .... 

Net cash premiums received, 

Received for interest on mortgages, . 

for interest from all other sources, 
for rents, 

Deposit notes received during the year, 



Gross cash income, .... 

Expenditures. 
Paid for losses during the year, . 

for brokerage and commissions, . 

for salaries and fees of officers and employees, 

for repairs on real estate, . 

for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, 

Gross cash expenditures, 



$22,000 00 


29,524 45 


166,046 22 


16,405 02 


8,111 94 


2,975 55 




ft9J.fi f>A3 1 « 


$1,429 44 


94,999 74 


413 00 




96,842 18 




• 


. $148,221 00 


$67,412 3t 




1,017 6( 






$66,394 70 


. 


2,407 10 


. 


7,340 29 




921 00 


$66,691 42 




• 


$77,063 09 




$15,622 16 




10,571 38 


Fees, . 


4,618 02 




323 12 




1,454 48 


JS, 


16,877 46 




300 00 




2,028 32 



$51,794 94 



22 



MASSACHUSETTS MUTUAL [Dec. 31, 



Miscellaneous. 

Risks outstanding December 31, 1884, . $10,469,321 00 
Risks written during 1885, .... 4,447,706 00 

Total, 

Risks terminated during 1885, 



-$14,917,0: 

. 3,030,728 00 



Net amount in force December 31, 1885, . 
Deposit notes received on outstanding risks, 

Losses incurred during the year, 

Percentage of profits or surplus returned during 1885, 20, 

40, 60 per cent. 
Average rate to date, 40 per cent. 



$11,886,299 00 

189,999 48 

12,049 64 



ESSEX MUTUAL FIRE INSURANCE COMPANY, SALEM 

[Incorporated 1829. Commenced busiuesa 1829.] 

David Moore, President. Charles S. Nichols, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

20 shares Salem Gaslight Company, . $2,000 00 $2,060 00 

16 " Lynn Gaslight Company, . 1,600 00 1,600 00 

15 " Cambridge Railroad Company, . 1,500 00 1,410 00 

14 " Salem National Bank, . . . 1,400 00 1,750 00 

11 " Asiatic National Bank, . 330 00 451 00 

Toledo city bonds, 2,000 00 2.120 00 

Chicago city bonds, 2,000 00 2,260 00 

Cincinnati city bonds, 2,000 00 2,310 00 

Springfield city bonds, .... 1,000 00 1,400 00 

Cleveland city bonds, 2,000 00 2,370 00 

Newburyport city bonds, .... 1,000 00 1,100 00 

Portland city bonds 1,000 00 1,010 00 

Brooklyn city bonds 1,000 00 1,300 00 

St. Louis city bonds, 1,000 00 1,180 00 

Concord city bonds, 1,000 00 1,140 00 

Louisville city bonds, 1,000 00 1,010 00 

Medford town bonds, 1,000 00 1,090 00 

Hyde Park town bonds, .... 1,000 00 1,150 00 

St. Louis county bonds, .... 1,000 00 1,170 00 

Eastern Railroad bonds, .... 2,000 00 2,420 00 

Northern Pacific Railroad bonds, . . 2,000 00 2,220 00 

Essex Railroad bonds, .... 1,500 00 1,507 50 

Old Colony Railroad bonds, . . . 2,000 00 2,440 00 

Michigan Central Railroad bonds, . 1,000 00 1,100 00 

Chicago, Burl, and Quincy Railroad bonds, 2,000 00 2,430 00 

Boston and Lowell Railroad bonds, . . 1,000 00 1,180 00 



$36,330 00 $41,178 50 



1885.] FIRE INSURANCE COMPANIES. 



23 



Summary of Assets, December 31, 1885. 

Loans on mort'ge of real estate (first liens), 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 
Premiums in course of collection (net), 

Interest due, 

Gross assets, 

Liabilities. 

Owing for borrowed money, 
Return premiums on cancelled policies, 
Dividends due on terminated policies, 
State and local taxes, due or accrued. 
Salaries and incidental expenses, 

Gross liabilities, 



$5,900 00 




41,178 50 




112 49 




144 75 




821 43 






$48,157 17 


$7,509 00 


19 80 




130 12 




3 79 




240 00 






7,902 71 





Surplus, 



Income. 

Cash premiums received during the year, . 
Deduct return premiums, .... 
Net cash premiums received, 
Received for interest on mortgages, . 

for interest from all other sources, 
Deposit notes received during the year, 

Gross cash income, .... 



Expenditures. 

Paid for losses during the year, 

for brokerage and commissions, ..... 
for salaries and fees of officers and employees, . 

for State and local taxes, 

for profits or surplus on terminated policies, 

for incidental expenses, 

Gross cash expenditures, 

Miscellaneous. 

Risks outstanding Dec. 31, 1884, . . . $758,400 00 
Risks written during 1885, .... 108,600 00 

Total, 

Risks terminated during 1885, ...... 



,254 46 



$2,374 75 




21 60 






$2,353 15 
234 50 


. 


. 


2,275 47 


$7,025 25 





$4,863 12 



$79 00 
86 75 

867 60 

26 38 

1,140 38 

24 95 

$2,225 06 



$867,000 00 
85,000 00 



Net amount in force Dec. 31, 1885, $782,000 00 

Deposit notes received on outstanding risks, . . . 45,054 03 

Losses incurred during the year, 79 00 

Percentage of profits or surplus returned during 1885, 75 per cent. 
Average rate to date, 60 per cent. 



24 



MASSACHUSETTS MUTUAL [Dec. 31, 



FALL RIVER MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY, FALL RIVER. 

[Incorporated Feb. 17, 1870. Commenced business May 1, 1870.] 

Stephen Davol, President. Isaac B. Chace, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

I'ar value. 

$10,000 00 



Old Colony Railroad bonds, 
Fitchburg Railroad bonds. 
Fall River city bonds, 
Worcester city bonds, 
Lawrence city bonds, 
Boston city bonds, 
Taunton city bonds, 
United States bonds, 
Corporation notes, 



10,000 00 

6,000 00 

1,000 00 

5,000 00 

5,000 00 

10,000 00 

30,000 00 

82,000 00 



Market value. 

112,300 

10,600 00 
7,200 00 
1,160 00 
5,800 00 
6,050 00 

11,400 00 

35,800 

82,000 00 



$159,000 00 $172,310 00 



Summary of Assets, Dec. 31, 1885. 



Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 
Cash deposited in the bank, 
Premiums in course of collection (net), 

Interest accrued, 

Gross assets, 



172,310 00 
138 42 

26,397 46 
1,231 07 
1,806 54 



$201,883 49 



Liabilities. 

Claimed and reported losses, not adjusted, . 
Unearned premiums on outstanding risks. 
State and local taxes, due or accrued, 

Gross liabilities, 

Surplus, 

Income. 

Cash premiums received during the year, . 
Deduct return premiums, . 
Net cash premiums received, 
Received for interest from all sources, 
Deposit notes received during the year, 

Gross cash income, . 



§1<>,424 97 

90,329 56 

366 70 



$184,765 93 
6,360 20 



$923,829 65 



101,121 23 
$100,762 26 



$178,405 73 
8,185 70 

$186,591 43 



Expenditures. 

Paid for losses during the year, 

for salaries and fees of officers and employees, . 
for State and local taxes, 



$35,336 31 
4,317 92 
1,766 89 



1885.] FIRE INSURANCE COMPANIES. 



25 



Paid for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, 

Gross cash expenditures, 

Miscellaneous. 

Risks outstanding Dec. 31, 1884, . . $18,340,615 00 

Risks written during 1885, .... 19,867,603 00 

Total, 

Risks terminated during 1885, 



$123,151 27 

376 00 

3,179 92 

$168,128 31 



-$38,208,218 00 
. 18,750,384 00 



Net amount in force Dec. 31, 1885, .... $19,457,834 00 
Deposit notes received on outstanding risks, . . . 894,180 55 

Losses incurred during the year, 37,763 33 

Percentage of profits or surplus returned during 1885, 74 T Vo P er cent. 
Average rate to date, 5o^\ per cent. 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, 

FITCHBURG. 

[Incorporated March 23, 1847. Commenced business Sept. 1, 1847.] 

L. H. Bradford, President. E. P. Downe, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



18 shares Old Colony Railroad, . 
2 " Fitchburg Railroad, . 
100 " Ashburnham National Bank, 
467 " Minn. Thresher ManfV Co. 
Nelson Lumber Company bonds, 



Par value. 

$1,800 00 

200 00 

10,000 00 

23,350 00 

5,000 00 



Market value. 

$2,880 00 

231 50 

10,500 00 

23,350 00 

5,000 00 



$40,350 00 $41,961 50 



Securities held as collateral for cash loans : — 



100 shares Milburn Wagon Company, . 
100 " Snow Cattle Company, 

20 " Hecla Powder Company, . 

25 " Washburn and Moen Manf'g Co 
150 " Simonds Manufacturing Co. 
Savings Bank Book, .... 



Market value. 

$10,000 00 

10,000 00 

2,000 00 

3,750 00 

18,750 00 

635 00 



Summary of Assets, Dec. 31, 1885. 

Cash value of unencumbered real estate, . $4,500 00 

Loans on mortgage of real estate(first liens), 81,058 47 

Stocks, bonds, etc., as per schedule, . . 41,961 50 



Amount loaned. 

$10,000 00 

5,000 00 

2,000 00 

2,950 00 

13,800 00 

50 00 



$45,135 00 $33,800 00 



26 



MASSACHUSETTS MUTUAL [Dec. 31, 



Loans on collateral security, as per schedule, 

Personal loans, 

Cash in the office of the company, 
Cash deposited in bank, 
Premiums in course of collection (net), 
Interest due and accrued, . 

Gross assets, 



$33,800 00 

67,540 23 

367 42 

20,597 96 
5,980 04 
2,988 66 



$258,794 28 



Liabilities. 

Losses and claims adjusted, but not due, . $3,750 00 

Claimed and reported losses, not adjusted, 1,500 00 

Claims for losses disputed or resisted, . 2,405 12 

Unearned premiums on outstanding risks, 135,687 00 

Dividends due on terminated policies, . 2,963 00 

State and local taxes, due or accrued, . 238 40 

Rents, salaries and inidental expenses, . 460 00 

Gross liabilities, 

Surplus, 

Income. 

Cash premiums received during the year, .... 
Received for interest from all sources, .... 
Deposit notes received during the year, . $95,950 49 

Gross cash income, 



147,003 52 
$111,790 76 

$96,551 73 
12,737 52 

$109,289 25 



Expenditures. 

Paid for losses during the year, .... 
for brokerage and commissions, . 
for salaries and Jees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 



$59,301 58 

13,804 01 

5,147 80 

963 52 

33,369 52 

700 00 

2,311 18 

$115,597 61 



Miscellaneous. 



Risks outstanding Dec. 31, 1884, 
Risks written during 1885, . 

Total, 

Risks terminated during 1885, . 



$17,816,769 00 
5,878,932 00 



$23,695,701 00 
6,189,059 00 



Net amount in force Dec. 31, 1885, .... $17,506,642 00 

Deposit notes received on outstanding risks, . . . 271.373 99 

Losses incurred during the year, 46,449 70 

Percentage of profits or surplus returned during 1885, 20, 40 and 50 
per cent. 



1885.] FIRE INSURANCE COMPANIES. 



27 



FRANKLIN MUTUAL FIRE INSURANCE COMPANY, 

GREENFIELD, 

[Incorporated Feb. 11, 1828. Commenced business Sept. 29, 1829.] 

James S. Gkinnell, President. Gorham D. Williams, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

Vermont and Massachusetts R. R. bonds, . $11,000 00 $12,210 00 
50 shares Greenfield Gas Light Company, . 2,500 00 2,500 00 

17 " Shelburne Falls Nat'l Bank, . 1,700 00 1,700 00 



$15,200 00 $16,410 00 



Securities held as collateral for cash loans 



2 shares Boston and Albany Railroad, 



Market value. 

$350 00 



Summary of Assets, Dec. 31, 1885. 

Loans on mort'ge of real estate (first liens), $200 00 

Stocks, bonds, etc., as per schedule, . . 16,410 00 

Loans on collateral security as per schedule, 275 00 

Personal loans, 270 31 

Cash in the office of the company, . . 290 98 

Cash deposited in bank, .... 2,854 81 

Premiums in course of collection (net), . 731 91 
Office furniture, .... f 500 00 

Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, 
Dividends due on terminated policies, 
State and local taxes, due or accrued, 
Rents, salaries and incidental expenses, 
Gross liabilities, .... 

Surplus, 

Income. 

Cash premiums received during the year, . $5,508 59 

Deduct return premiums, .... 353 48 

Net cash premiums received, . . . 

Received for interest on mortgages, 

for interest from all other sources, 
Deposit notes received during the year, . $16,525 77 

Gross cash income, 



,191 28 

188 01 

9 27 

194 00 



Expenditures. 

Paid for losses during the year, ..... 

for brokerage and commissions, .... 

for salaries and fees of officers and employees, . 

for taxes, 



Loaned thereon. 

$275 00 



$21,033 01 



13,582 56 
$7,450 45 



i,155 11 

3 30 

892 66 



i,051 07 



$2,347 68 

578 10 

676 79 

50 21 



28 MASSACHUSETTS MUTUAL [Dec. 31, 

Paid for profits or surplus on terminated policies, . . $1,471 97 

for rents, 187 50 

for incidental expenses, 200 18 



Gross cash expenditures, $5,512 43 

Miscellaneous. 
Risks outstanding Dec. 31, 1884, . . $2,344,450 00 

Risks written during 1885, .... 467,057 00 

Total, $2,811,507 00 

Risks terminated during 1885, 552,541 00 



Net amount in force Dec. 31, 1885 $2,258,966 00 

Deposit notes received on outstanding risks, . . . 79,147 68 

Losses incurred during the year, 917 30 

Percentage of profits or surplus returned during 1885, 20 to 25 per cent. 



GROVELAND MUTUAL FIRE INSURANCE COMPANY, 

GROVELAND. 

[Incorporated March 28, 1828. Commenced business March 28, 1828.] 

Moses Foster, President. Nathaniel H. Griffith, Secretary. 

[Note. — This company charges no cash premium, but relies upon 
assessments upon deposit notes to pay losses and expenses.] 

Summary of Assets, Dec. 31, 1885. 

Cash in the office of the company, $306 00 

Gross assets $306 00 

Liabilities. 

Owing for borrowed money, . . . $1,400 00 

Gross liabilities, $1,400 00 

Income. 

■ 

Received for assessments on deposit notes, . . . $6,165 64 
Received from all other sources, viz. : 

Borrowed money, 700 00 

Policy fees, 350 00 

Deposit notes received during the year, . |28,017 4 s 



Gross cash income, $7,215 64 

Expenditures. 

Paid for losses duiing the year, $1,664 63 

for salaries and fees of officers and employees, . . 722 15 

for borrowed money, 4,077 25 



1885.] FIRE INSURANCE COMPANIES. 



20 



Paid for State and local taxes, 
for rents, 
for incidental expenses, 



Gross cash expenditures, 



Miscellaneous. 



Risks outstanding Dec. 31, 1884, . 
Risks written during 1885, . 

Total, 

Risks terminated during 1885, . 

Net amount in force Dec. 31, 1885, 
Deposit notes received on outstanding risks, 
Losses incurred during the year, 
Assessments laid on deposit notes, 



$61 66 

25 00 

412 01 



1,962 70 



$1,521,039 00 
424,198 00 

- $l,9*fc>,237 00 
395,612 00 



$1,549,625 00 

98,373 83 

880 55 

5,201 29 



HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY, 
NORTHAMPTON. 

[Incorporated March 6, 1830. Commenced business July 1, 1832.] 

Geo. W. Hubbard, President. Oliver Walker, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 



63 shares Connecticut River Railroad, 
24 " Chic. Burl, and Quincy Railroad, 
20 " Northampton National Bank, 
Kansas Pacific Railroad consols, . 



Summary of Assets, Dec. 31, 1885. 

Loans on mortgage of real estate (first liens) , 
Stocks, bonds, etc., as per schedule, . 
Cash in office of the company, 
Cash deposited in the bank, 
Interest due and accrued, . 

Furniture, $500 00 

Gross assets, . 



Par value. 


Market value. 


$6,300 00 


$10,521 00 


2,400 00 


3,312 00 


2,000 00 


3,300 00 


5,000 00 


5,000 00 


$15,700 00 


$22,133 00 


1, 1885. 




$25,525 00 




22,133 00 




36 43 




706 63 




1,073 67 






$49,474 73 



Liabilities. 

Claimed and reported losses, not adjusted, 
Unearned premiums on outstanding risks, 
Dividends due on terminated policies, 
State and local taxes, due or accrued, 
Gross liabilities, .... 

Surplus, 



$544 50 

23,617 76 

95 92 

17 10 



24,275 28 
$25,199 45 



30 



MASSACHUSETTS MUTUAL [Dec. 31, 



Income. 
Cash premiums received during the year, . 
Deduct return premiums, .... 

Net cash premiums received, 
Received for interest on mortgages, . 

for interest from all other sources, 
Deposit notes received during the year, 

Gross cash income, .... 



$9,569 61 
- 14 



$28,708 83 



•4 47 

1,224 86 

-,'J 13 

$11,868 46 



Expenditures. 

Paid for losses during the year, .... 
for brokerage and commission- 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 



$10,449 61 

948 84 

1.454 00 

94 24 

3,470 62 

150 00 

280 16 

$16,847 47 



Miscellaneous. 



Risks outstanding Dec. 31, 1884, 
Risks written during 1885, . 
Total, .... 
Risks terminated during 1885, 



£3,593,177 00 
1,300 00 



$4,356,477 00 
722,230 00 



Net amount in force Dec. 31, 1885, $3,634,247 00 

Deposit notes received on outstanding risks, 141,726 17 

Losses incurred during the year, 10,449 61 

Percentage of profits or surplus returned during 1885, 40 per cent. 
Average rate to date, 40 per cent. 



HINGHAM MUTUAL FIRE INSURANCE COMPANY 

HINGHAM. 

[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.] 

Amos Bates, President. Henry W. ( Tshing, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



57 shares Hingham National Bank, 



60 
15 
10 
19 
29 



Old Colony Nat'l Bank, Plymouth, 
Abington National Bank, 
Globe National Bank, Boston, 
Hamilton National Bank, Boston, 
Eagle National Bank. Boston, 



Par value. 

$3,990 00 
6,000 00 
1,500 00 
1,000 00 
1,900 00 
2,900 00 



Market value. 

$4,161 00 
8,400 00 
1,800 00 
992 50 
2,470 00 
3.175 50 



1885.] FIRE INSURANCE COMPANIES. 



31 



12 shares Union National Bank, Boston, 

34 " State National Bank, Boston, 

26 " No America Nat'l Bank, Boston, 

11 " Commerce Nat'l Bank, Boston, 

45 " Webster National Bank, Boston, 

50 " Hinghani Water Company, 

92 " Old Colony Railroad, . 

84 " Boston and Albany Railroad 

United States bonds, 

Maine State bonds, 

Portland city bonds, 

Hingham Water Company bonds, 

Boston and Albany Railroad bonds, 

Boston and Lowell Railroad bonds, 

Boston and Maine Railroad bonds, 

Eastern Railroad bonds, 

Union Pacific Railroad bonds, 

Chicago, Burl, and Quincy Railroad bonds, 

Town of Hull note, .... 



Summary of Assets, Dec. 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens) , 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, .... 
Premiums in course of collection (net), 
Interest due and accrued, .... 
Gross assets, 



Liabilities. 

Claimed and reported losses, not adjusted, 
Unearned premiums on outstanding risks, 
State and local taxes, due or accrued, . 
Rents, salaries and incidental expenses, 
Gross liabilities, .... 



Par value. 

1,200 00 

3,400 00 

2,600 00 

1,100 00 

4,500 00 

5,000 00 

9,200 00 

8,400 00 

10,000 00 

11,000 00 

3,000 00 

5,000 00 

5,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

3,500 00 



Market value. 

1,716 00 

4,216 00 

2,710 50 

1,322 75 

4,758 75 

5,000 00 

14,720 00 

15,099 00 

11,275 00 

12,182 50 

3,450 00 

5,000 00 

5,975 00 

11,850 00 

12,300 00 

6,075 00 

5,675 00 

6,700 00 

3,500 00 



$125,190 00 $154,524 50 

31, 1885. 

$41,000 00 

126,250 00 

154,524 50 

63 37 

20,937 27 

912 65 

5,051 47 

$348,739 26 



$30 00 

185,175 72 

85 97 

128 00 



185,419 69 



Surplus, 

Income. 

Cash premiums received during the year, . 

Received for interest on mortgages, 

for interest from all other sources, 
for rents, ..... 

Deposit notes received during the year, 



$163,319 57 



$51,345 12 

7,277 83 

8,366 18 

434 00 



,207 62 



Gross cash income, 



,423 13 



32 SUMMARY OF ANNUAL REPORT.-. [ Jan - 



Expenditures. 

Paid for losses during the year, 

for brokerage and commissions, .... 
for salaries and fees of officers and employees, . 

for State and local taxes, 

for 1 profits or surplus on terminated policies, 
for incidental expenses, 

Gross cash expenditures, 

Miscellaneous. 
Risks outstanding Dec. 31, 1884, . . $22,701,863 00 



$24,8: 
7,27. 

3,549 09 

1,368 56 

32,611 28 

1,938 00 

$71,57.; 7; 



Risks written during 1885, . 
Total, .... 
Risks terminated during 1885, 



3,329,378 00 



-$26,031,241 00 
. 2,839,535 00 



Net amount in force Dec. 31, 1885, ... . $23,191,706 00 
Deposit notes received on outstanding risks, . . . 551,975 93 

Losses incurred during the year, 23,593 30 

Percentage of profits or surplus returned during 1885, 65 per cent. 



HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated March 14, 1843. Commenced business May 23, 1843.] 

Charles H. Price, President. Walter L. Harris, Secretary. 

Guaranty Capital, § 100,000. 



Detailed Statement of Stocks, 



United States bonds, . 
Massachusetts State bonds, . 
New Hampshire State bonds, 
Marion County (Ind.) bonds, 
Washington County (111.) bonds 
Boston (Mass.) city bonds, . 
Cincinnati (Ohio) city bonds, 
Cleveland (Ohio) city bonds, 
Chicago (111.) city bonds, . 
Chelsea (Mass.) city bonds, 
Evansville (Ind.) city bonds, 
Hartford (Conn.) city bonds, 
Jeffersonville (Ind.) city bonds, 
Jacksonville (111.) city bonds, 
Kansas City bonds, 
Lawrence (Mass.) city bonds, 
Lowell (Mass.) city bonds, . 
Milwaukee (Wis) city bonds, 
Minneapolis (Minn.) city bonds, 



Bonds, etc. 

Par value. 

§40,000 00 
4,000 00 
4,000 00 
5,000 00 
4,000 00 
5,000 00 

17,000 00 
5,000 00 
8,000 00 

17,000 00 
5,000 00 

10,000 00 
7,000 00 
5,000 00 
6,000 00 
5,000 00 
4,000 00 
6,500 00 
5,000 00 



Market value. 

$49,650 00 
4,580 00 
5,000 00 
5,437 50 
4,140 00 
5,350 00 

21,750 00 
6,025 00 
9,387 50 

19,380 00 
5,000 00 

11,425 00 
7,490 00 
5,375 00 
7,740 00 
6,050 00 
4,420 00 
6,900 00 
6,150 00 



1885.] FIRE INSURANCE COMPANIES. 



33 



Omaha (Neb.) city bonds, . 
Portland (Me.) city bonds, . 
St. Louis (Mo.) city bonds, . 
St. Paul (Minn.) city bonds, 
Salem (Mass.) city bonds, . 
Delaware and Hudson Canal Co. bonds, 
Baltimore and Ohio Railroad bonds, . 
Boston and Lowell Railroad bonds, . 
Chesapeake and Ohio Railroad bonds, 
Chicago, Burlington and Quincy R.R. bonds 
Chicago and Alton Railroad bonds, . 
Chicago and Eastern Illinois R. R. bonds, 
Chicago and West Indiana R. R. bonds, 
Central Pacific Railroad land grant bonds, 
Central Pacific R. R. first mortgage bonds, 
Central New Jersey Railroad bonds, . 
Denver, S. Pk. and Pacific Railroad bonds, 
Eastern Railroad bonds, 
Jackson, Lan'g and Saginaw R. R. bonds, 
Lehigh Valley Railroad bonds, . 
New York and New England R. R. bonds, 
No. Western Union Railroad bonds, . 
Scioto Valley Railroad bonds, 
Terre Haute and So. Eastern R. R. bonds, 
Union Pacific Railroad bonds, 
Central Vermont Railroad bonds, 
31 shares Old Colony Railroad, 
50 " Portland, Ports, and Saco R. R., 
100 « Pitts., Ft. Wayne and Chic. R.R., 

40 " National Exchange B'k, Salem, 
10 " First Nat'l Bank, Salem, . 

10 " Merchants' Nat'l Bank, Salem, 
35 " Mercantile Nat'l Bank, Salem, 

41 " Naumkeag Nat'l Bank, Salem, 
140 " Salem Nat'l Bank, Salem, . 

30 " Atlantic Nat'l Bank, Boston, 
50 " Nat'l Bank of Republic, Boston 
15 " Blackstone Nat'l Bank, Boston, 
50 " Freeman's Nat'l Bank, Boston, 
30 " Globe Nat'l Bank, Boston, 

100 " Merchants' Nat'l Bank, Boston, 
30 " Revere Nat'l Bank, Boston, 

100 " Second Nat'l Bank, Boston, 
40 " Shoe and Leather Nat'l Bank, 
10 " Beverly Nat'l Bank, Beverly, 
20 " So. Danvers Nat'l B'k, Peabody, 
25 " First Nat'l Bank, Newburyport, 



Par value. 

$7,000 00 
5,000 00 

15,000 00 

10,000 00 

10,000 00 
5,000 00 

10,000 00 
2,000 00 

10,000 00 

16,500 00 
5,000 00 
5,000 00 
8,000 00 

10,000 00 
7,000 00 
6,000 00 
7,000 00 

10,000 00 
6,000 00 
5,000 00 

15,000 00 
8,000 00 
6,000 00 
5,000 00 

15,000 00 
2,000 00 
3,100 00 
5,000 00 

10,000 00 
4,000 00 
1,000 00 
500 00 
3,500 00 
4,100 00 

14,000 00 
3,000 00 
5,000 00 
1,500 00 
5,000 00 
3,000 00 

10,000 00 
3,000 00 

10,000 00 
4,000 00 
1,000 00 
2,000 00 
2,500 00 



Market value. 

$7,265 00 
5,187 50 

16,300 00 

10,850 00 

11,100 00 
6,725 00 

12,150 00 
2,036 00 

10,400 00 

19,635 00 
6,075 00 
5,725 00 
8,560 00 

10,300 00 
8,050 00 
6,370 00 
5,600 00 

12,150 00 
7,110 00 
6,450 00 

18,375 00 

10,640 00 
5,280 00 
5,000 00 

17,550 00 
1,540 00 
4,960 00 
6,200 00 

14,100 00 
4,800 00 
1,200 00 
680 00 
4,200 00 
5,822 00 

17,500 00 
4,170 00 
6,950 00 
1,653 75 
5,250 00 
2,970 00 

14,600 00 
3,772 50 

15,700 00 
4,060 00 
1,310 00 
3,000 00 
2,800 00 



$468,200 00 $553,371 75 



34 



MASSACHUSETTS MUTUAL [Dec. 31, 



Summary of Assets, Dec. 31, 1885. 

Cash value of unencumbered real estate, . $30,000 00 

Loans on mortgage of real estate (first liens) , 63,800 00 

Stocks, bonds, etc., as per schedule, . . 553,371 75 

Loans on personal security, . . . 3,000 00 

Cash in the office of the company, . . 594 14 

deposited in bank, .... 4,474 16 

Premiums in course of collection (net), . 642 62 

Interest due and accrued, .... 6,877 22 

Gross assets, 

Liabilities. 

Claimed and reported losses, not adjusted, . $500 00 

Claims for losses disputed or resisted, . . 2,100 00 

Unearned premiums on outstanding risks, . 159,194 20 

Gross liabilities, 



$662,759 89 



161,794 20 



Surplus, $500,965 69 

Income. 

Cash premiums received during the year, . $110,052 99 
Deduct return premiums, .... 2,722 84 

Net cash premiums received, . . . $107,330 15 

Received for interest on mortgages, 4,481 75 

for interest from all other sources, . . . 26,745 63 

for rents, 2,851 97 

Deposit notes received during the year, . $108,938 39 



Gross cash income, 

Expenditures. 
Paid for losses during the year, .... 
for brokerage and commissions, 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 
for incidental expenses, .... 
for dividends on guaranty capital, 

Gross cash expenditures, .... 

Miscellaneous. 
Risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Risks terminated during 1885, 



$141,409 50 

$25,933 39 

16,512 13 

11,085 83 

2,201 27 

32,336 98 

3,248 40 

7,000 00 

$98,318 00 



20,925,654 00 
8,271,246 00 



$29,196,900 00 
. 6,196,870 00 



Net amount in force Dec. 31, 1885, .... $23,000,030 00 
Deposit notes received on outstanding risks, . . . 317,763 50 

Losses incurred during the year, 25,933 39 

Whole amount of net profits reserved for the security of 

the insured, . 125,241 42 

Rate of interest actually realized upon the investments ol guaranty capi- 
tal, 6+ per cent. 



1885.] 



FIRE INSURANCE COMPANIES. 



35 



LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL. 

[Incorporated March 6, 1832. Commenced business April 1832.] 

J. C. Abbott, President. E. T. Abbott, Secretary. 



Detailed Statement of Stocks, 



Boston and Lowell Railroad bonds, . 
Lowell and Lawrence Railroad bonds, 
Boston, Concord and Montreal R. R. bonds 
Edwardsville town bonds, . 
Consolidated R. R of Vermont bonds, 

2 shares Pacific Mills, 

2 ' 

2 ■ 
10 ' 

5 ' 
5 
7 ' 

50 ' 
30 ' 
20 ■ 

6 ■ 



Lawrence Manf ' g Company, 
Hamilton Manf g Company, 
Lowell Manf g Company, . 
Mass. Cotton Mills, 
Appleton Company, 
Merrimac Manf g Company, 
Franklin Company, 
Hill Manf 'g Company, 
First National Bank, Lowell, 
Vermont and Mass. Railroad, 



Bonds, etc. 

Par value. 

$6,000 00 
4,000 00 
6,000 00 
1,000 00 
1,000 00 
2,000 00 
2,000 00 
2,000 00 
6,900 00 
5,000 00 
5,000 00 
7,000 00 
5,000 00 
3,000 00 
2,000 00 
600 00 



$58,500 00 



Summary of Assets, Dec. 31, 1885. 



Loans on mortgage of real estate (first liens), 
Stocks, bonds, etc., as per schedule, 
Cash deposited in bank, 
Premiums in course of collection (net) 
Interest accrued, .... 
Gross assets, .... 

Liabilities. 
Unearned premiums on outstanding risks, . 
Gross liabilities, 



$7,600 00 

65,186 75 

4,584 07 

571 96 

698 83 



$16,770 65 



Market value. 

$7,130 00 
4,640 00 
6,360 00 
1,000 00 

790 00 
3,140 00 
3,200 00 
1,380 00 
7,200 00 
5,250 00 
5,000 00 
9,345 00 
4,750 00 
2,100 00 
3,100 00 

801 75 

$65,186 75 



$78,641 61 



16,770 65 



Surplus, $61,870 96 



Income. 

Cash premiums received during the year, . $9,783 11 
Deduct return premiums, . . . . 117 23 

Net cash premiums received, . . . 

Received for interest on mortgages, 

for interest from all other sources, 

from all other sources, 

Deposit notes received during the year, . $19,207 10 

Gross cash income, 



?9,665 88 

536 00 

2,734 59 

00 



$13,436 47 



36 



MASSACHUSETTS MUTUAL [Dec. 31 



Expenditures. 
Paid for losses during the year, .... 
for brokerage and commissions, 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 





$601 91 




181 


88 






00 




98 


69 




3,953 


61 




364 


45 




1,022 


07 



$9,572 61 



Miscellaneous. 



Risks outstanding Dec. 31, 1884, 
Risks written during 1885, . 
Total, .... 
Risks terminated during 1885, 



$2,560,350 00 
827,208 00 



$3,387,558 00 
797,585 00 



Net amount in force Dec. 31, 1885, $2,589,973 00 

Deposit notes received on outstanding risks, . . . 67,082 42 

Losses incurred during the year, 601 91 

Percentage of profits or surplus returned during 1885, 38}, 40 and 60 
per cent. 



LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN. 

[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1828.] 

Thomas B. Newhall, President. William F. Johnson, Secretary. 
Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

32 shares Atch., Top. and Santa Fe R. R., . $3,200 00 $2,880 00 

52 " First National Bank, Lynn, . . 5,200 00 6,240 00 

20 " City National Bank, Lynn, . . 2,000 00 3,500 00 

5 " Central National Bank, Lynn, . 500 00 700 00 

10 " Merchants' Nat'l Bank, Boston, . 1,000 00 1,450 00 

United States bonds, 2,000 00 2,400 00 

Chicago city bonds 2,000 00 2,400 00 

St. Louis city bonds, 2,000 00 2,040 00 

Burlington city bonds, 500 00 500 00 

Toledo city bonds 1,000 00 1,030 00 

Omaha city bonds 2,000 00 2,130 00 

Cedar Rapids and Mo. Riv. Railroad bonds, 2,000 00 2,300 00 

Revere Beach Railroad bonds, . . . 2,000 00 2,360 00 

Ind , Dec. and Springfield Railroad bonds, . 1,000 00 1,000 00 

Ohio and West Virginia Railroad bonds, . 1,000 00 1,120 00 

Chicago, Mil. and St. Paul Railroad bonds, 1,000 00 1,000 00 

Southern Pacific Railroad bonds, . . 500 00 500 00 



1885.1 FIRE INSURANCE COMPANIES. 



37 



Atlantic and Pacific Railroad bonds, . 

Atch., Top. and Santa Fe Railroad bonds, . 

Mexican Central Railroad bonds, 

Oregon Short Line Railroad bonds, 

Ogdensburgh and Lake Cham. Railroad bonds. 

Missouri Valley Railroad bonds,. 

Sonora Railroad bonds, .... 

Lynn and Boston Railroad bonds, 

Coupon note, . . . . $100 00 



Par value. 

$1,000 00 
2,000 00 
1,000 00 
2,000 00 
2,000 00 
2,000 00 
2,000 00 
3,000 00 



Market value. 

$900 00 
2,400 00 
480 00 
1,900 00 
1,900 00 
2,130 00 
1,960 00 
3,300 00 



$43,900 00 $48,520 00 



Summary of Assets, Dec. 31, 1885. 



Loans on mortgage of real estate (first liens) , 
Stocks, bonds, etc., as per schedule, 
Loans on personal security, . 
Cash in the office of the company, 
Cash deposited in the bank, . 
Premiums in course of collection (net), 
Interest due and accrued, 
Furniture and safe, . . . $450 00 
Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, . 
Dividends due on terminated policies, 

Gross liabilities, 



$13,025 00 

48,520 00 

950 00 

199 30 

3,210 54 

211 10 

817 53 



$66,933 47 



,811 78 
45 00 



10,856 78 



Surplus, $56,076 69 



Income. 

Cash premiums received during the year, . 
Deduct return premiums, .... 
Net cash premiums received, 
Received for interest on mortgages, 

for interest from all other sources, 
Deposit notes received during the year, 

Gross cash income, 

Expenditures. 

Paid for losses during the year, . 

for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 



1,738 24 
125 91 



$18,952 96 



$4,612 33 

618 73 

2,499 69 

$7,730 75 



$648 


00 


1,775 


00 


47 


93 


2,675 


74 


342 


00 


285 


18 



$5,773 85 



38 



MASSACHUSETTS MUTUAL [Dec. 31, 



Miscellaneous. 
Risks outstanding Dec. SI, 1884, . 
Risks written during 1885, . 

Total, 

Risks terminated during 1885, 



$1,480,181 00 
346,325 00 



11,826,506 00 

323,946 00 



Net amount in force Dec. 31, 1885, .... $1,502,56000 

Deposit notes received on outstanding risks, . . . 79,776 50 

Losses incurred during the year, 648 00 

Percentage of profits or surplus returned during 1885, 60 per cent. 
Average rate to date, 75 per cent. 



MASSACHUSETTS MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Dec. 21, 1872. Commenced business Jan. 1, 1873.] 

Charles B. Cumings, President. John M. Corbett, Secretary. 

Office 28 State Street. 

Guaranty Capital, $200,000 00. 



Detailed Statement of Stocks, 



150 shares Tremont National Bank, 

80 
100 

70 
160 
100 

25 
100 
100 

70 



' Hamilton National Bank, . 
' Merchants' National Bank, 
1 Union National Bank, 
' New England National Bank, 
1 Columbian National Bank, 

Globe Nation Bank, . 
' Webster National Bank, . 
8 Atch., Top. and Santa Fe R. R., 
' Chic, Burl, and Quincy R. R. 
Chicago Burl, and Northern R. R. stock, 
Eastern Railroad bonds, 
Nashua and Rochester Railroad bonds, 
Michigan Central Railroad bonds, 
Burl, and Mo. River Railroad bonds, . 
Ks. City, Sp'gfi'd and Memphis R.R. bonds 
Kansas City and Missouri Railroad bonds, 
Atch., Topeka and Santa Fe R. R. bonds, 
Kansas City, Lawrence and So. R. R. bonds, 
Chicago, Burl, and Quincy Railroad bonds, 
Boston and Lowell Railroad bonds, . 



Bonds, etc. 

Par value. 

$15,000 00 

8,000 00 
10,000 00 

7,000 00 
16,000 00 
10,000 00 

2,500 00 
10,000 00 
10,000 00 

7,000 00 
444 00 

8,000 00 
10,000 00 

6,000 00 
25,800 00 
10,000 00 
12,000 00 
10,000 00 

6,000 00 
11,000 00 
10,000 00 



Market value. 

816,725 00 
10,320 00 
14,500 00 
10,010 00 
23,360 00 
13,100 00 

2,475 00 
10,600 00 

8,700 00 

9,590 00 
624 00 

9,680 00 
10,800 00 

6,585 00 
27,664 00 
10,400 00 
12,000 00 
10,400 00 

6,585 00 
10,580 00 
11,075 00 



$204,744 00 $235,773 00 



1885.] FIRE INSURANCE COMPANIES. 



39 



$336,217 16 



Summary of Assets, Dec. 31, 1885. 

Cash value of unencumbered real estate, . $15,000 00 

Loans on mort'ge of real estate (first liens) , . 71 ,500 00 

Stocks, bonds, etc., as per schedule, . . 235,773 00 

Cash deposited in bank, .... 8,315 09 

Premiums in course of collection (net), . 2,325 31 

Interest due and accrued, .... 3,303 76 

Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, $72,798 93 
Return premiums on cancelled policies, . 93 17 

Dividends due on terminated policies, . 1,796 89 

Gross liabilities, 74,688 99 

Surplus, $261,528 17 

Income. 

Cash premiums received during the year, $26,502 35 
Deduct return premiums,* .... • 184 02 

Net cash premiums received, 
Received for interest on mortgages, . 

for interest from all other sources, 

for rents, 

from premium on bonds sold, 

Gross cash income, .... 

Expenditures. 

Paid for losses during the year, 

for brokerage and commissions, 

for salaries and fees of officers and employees, . 

for State and local taxes, 

for profits or surplus on terminated policies, $3,944 04 
for cash prem 7 s on cancelled policies ret'd, . 1,486 90 



$26,318 33 

3,667 08 

11,598 99 

1,200 00 

3,905 00 

$46,689 40 



58,133 70 
3,226 43 
9,969 64 
2,177 68 



for rents, ......... 

for incidental expenses, 

for dividends on guaranty capital, . 

Gross cash expenditures, 

Miscellaneous. 
Risks outstanding Dec. 31, 1884, . . $17,118,197 00 



5,430 94 

3,000 00 

1,485 74 

14,000 00 

$47,424 13 



Risks written during 1885, 

Total, 

Risks terminated during 1885, 

Net amount in force Dec. 31, 1885, 



3,351,818 00 



,470,015 00 
. 2,537,296 00 

.$17,932,719 00 



* On cancelled policies written during the year. 



40 



MASSACHUSETTS MUTUAL [Dec. 31, 



Losses incurred during the year, $8,133 70 

Percentage of profits or surplus returned during 1885, 25 per cent. 

Average rate to date, 22- 1 8 (5 1 1T per cent. 

Whole amount of net profits reserved for the security of the insured, 

$23,974.17. 
Rate of interest realized on investments of guaranty capital, 5 , 4 2 o P e r 

cent. 



MERCHANTS' AND FARMERS' MUTUAL FIRE INSURANCE 
COMPANY, WORCESTER. 

[Incorporated April 1, 1846. Commenced business Jan. 1, 1847.] 

John D. Washburn, President. E. B. Stoddard, Secretary. 



Detailed Statement of Stocks, 



Worcester and Nashua R. R. bonds, 
Providence and Worcester R. R. bonds, 
Providence and Worcester R. R. loan, 
Lawrence city bonds, . 
20 shares Central Bank, 
25 
20 
13 
6 
50 
50 



Wachusett Bank, . 
Westminster Bank, 
Mechanics' Bank . 
Quinsigamond Bank, 
Atch., Topeka and Santa Fe R. R., 
Union Pacific Railroad, . 



Bonds, etc. 

Par value. 

$10,000 00 

25,000 00 

25,000 00 

20,000 00 

2,000 00 

2,500 00 

2,000 00 

1,300 00 

600 00 

5,000 00 

5,000 00 



Market value. 

$10,300 00 

30,000 

25,000 00 

20,600 00 

2,700 00 

5,000 00 

2,000 00 

1,495 00 

690 00 

4,500 00 

2,700 00 



$98,400 00 $104,985 00 



Securities held as collateral for cash loans : — 

10 shares Worcester and Nashua Railroad, 
5 " Worcester S. D. & T. Co., 

Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $30,000 00 

Loans on mort'ge of real estate (first liens), 31,100 00 

Stocks, bonds, etc., as per schedule, . . 104,985 00 

Loans on collateral security, as per schedule, 1,500 00 

Cash deposited in bank, .... 85,138 53 

Premiums in course of collection (net), . 4,181 83 

Interest accrued, . . . . . 1,000 00 

Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, . $125,547 74 

Dividends due on terminated policies, 1,500 00 

Gross liabilities, 



Loaned thereon. 

$1,500 00 



$257,905 36 



127,047 74 



Surplus, $130,857 62 



1885.] FIRE INSURANCE COMPANIES. 



41 



Income. 

Cash premiums received during the year, 

Deduct return premiums, . 

Net cash premiums received, 

Received for interest on mortgages, . 

for interest from all other sources, 
for rents, .... 

Deposit notes received during the year, 

Gross cash income, 



,910 12 
2,591 59 



$83,976 27 



Expenditures. 

Paid for losses during the year, .... 
for brokerage and commissions, . 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 
for improvements of real estate, . ... 
for incidental expenses, .... 

Gross cash expenditures, .... 



Miscellaneous. 
Risks outstanding Dec. 31, 1884, . . $16,032,248 00 
Risks written during 1885, . . . 5,925,784 00 



$82,318 53 
1,009 41 
8,444 09 
1,168 58 

$92,940 61 



$23,926 24 
11,979 07 
6,294 25 
1,184 04 
27,903 57 
5,144 27 
2,478 20 

$78,909 64 



Total, .... 
Risks terminated during 1885, 



$21,958,032 00 
4,547,677 00 



Net amount in force Dec. 31, 1885, $17,410,355 00 

Deposit notes received on outstanding risks, . . . 251,095 48 

Losses incurred during the year, 20,310 82 

Percentage of profits or surplus returned during 1885, 20, 40, 60 per cent. 



MERRIMACK MUTUAL FIRE INSURANCE COMPANY, 

ANDOVER. 

[Incorporated Feb. 7, 1828. Commenced business March 1, 1828.] 

Wm. S. Jenkins, President. Joseph A. Smart, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. 

United States bonds, $27,000 00 



Maine State bonds, 
Albany city bonds, 
Charlestown city bonds, 
Chicago city bonds, 
Cincinnati city bonds, . 
Fall River city bonds, . 
Lynn city bonds, . 



6,000 00 
10,000 00 

5,000 00 
12,000 00 
16,000,00 
10,000 00 

5,000 00 



Market value. 

$35,876 00 

6,630 00 

10,600 00 

5,650 00 

13,860 00 

20,340 00 

12,040 00 

5,850 00 



42 



MASSACHUSETTS MUTUAL [Dec. 31, 



Northampton city bonds, 
St. Louis city bonds, .... 
Toledo city bonds, .... 
Cambridge Horse Railroad bonds, 
Lynn and Boston Horse Railroad bonds, 
Metropolitan Horse Railroad bonds, . 
Atchison, Topeka and S, F. Railroad bonds 
Boston and Lowell Railroad bonds, . 
Boston and Maine Railroad bonds, 
Boston and Providence Railroad bonds, 
Chicago, Burl, and Quincy Railroad bonds, 
Chicago, Mil. and St. Paul Railroad bonds, 
Chicago and Northwestern Railroad bonds, 
Old Colony Railroad bonds, 
Pullman Palace Car Company, . 



Par value. 

$5,000 00 

6,000 00 

5,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

5,000 00 

10,000 00 

5,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

10,000 00 



Market value. 

$5,600 00 
6,240 00 
5,150 00 

10,400 00 
5,275 00 

10,700 00 
9,500 00 
6,150 00 

12,200 00 
6,100 00 
9,900 00 
5,000 00 

10,700 00 

12,100 00 

10,500 00 



$207,000 00 $236,361 00 



Summary of Assets, Dec. 31, 1885. 
Loans on mortgage of real estate (first liens), $13,000 00 

Stocks, bonds, etc., as per schedule, . . 236,361 00 

Cash in the office of the company, . . 439 90 

Cash deposited in bank, .... 16,944 67 

Premiums in course of collection (net), . 3,128 27 

Interest due and accrued, .... 4,787 97 

Gross assets, 8274,661 81 



Liabilities. 
Losses and claims adjusted, but not due. 
Unearned premiums on outstanding risks, . 
Gross liabilities, 

Surplus, 

Income. 

Cash premiums received during the year, . 
Deduct return premiums, . . . . 
Net cash premiums received, 
Received for interest on mortgages, . 

for interest from all other sources, 
Deposit notes received during the year, 

Gross cash income, . 



$2,585 74 
135,976 35 



573,275 43 
2,108 51 



$147,218 44 



138,562 09 
$136,099 72 



§71,166 92 

780 42 

12,182 00 

884,129 34 



Expenditures. 
Paid for losses during the year, .... 
for brokerage and commissions, 
for salaries and fees of officers and employees, 
for State and local taxes, .... 



$23,834 55 

10,717 00 

4.350 00 

658 31 



1885.] FIRE INSURANCE COMPANIES. 



43 



Paid for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 



$25,151 13 

70 00 

1,158 08 

$65,939 07 



Miscellaneous. 

Risks outstanding Dec. 31, 1884, . . $17,822,048 00 

Risks written during 1885 5,183,723 00 

Total, $23,005,771 00 

Risks terminated during 1885 3,941,006 00 



Net amount in force Dec. 31, 1885 $19,064,765 00 

Deposit notes received on outstanding risks, . . . 422,185 68 

Losses incurred during the year, 22,403 81 

Percentage of profits or surplus returned during 1885, 25, 40 and 60 
per cent. 



MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, 

CONCORD. 

[Incorporated March 3, 1826. Commenced business March 29, 1826.] 

George Heywood, President. Richard Barrett, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value 

Blackstone Nat'l Bank, Boston, $5,000 00 $5,525 00 

Merchants' Nat'l Bank, Boston, 1,500 00 2,175 00 

Webster Nat'l Bank, Boston, . 4,000 00 4,230 00 

Eliot Nat'l Bank, Boston, . . 2,500 00 3,100 00 

Boston Nat'l Bank, Boston, . 5,300 00 6,439 50 

Howard Nat'l Bank, Boston, . 5,400 00 6,358 50 

Revere Nat'l Bank, Boston, . 3,000 00 3,780 00 

Shawmut Nat'l Bank, Boston, . 11,300 00 13,786 00 

Faneuil Hall Nat'l Bank, Boston, 2,000 00 2,710 00 

No. America Nat'l Bank, Boston, 4,400 00 4,587 00 

Concord National Bank, . . 3,300 00 4,950 00 

Central Nat'l Bank, Boston, . 1,000 00 1,050 00 

Traders Nat'l Bank, Boston, . 3,000 00 2,790 00 

State Nat'l Bank. Boston, . . 1,800 00 2,232 00 

Boston and Albany Railroad, . 4,400 00 7,909 00 

Fitchburg Railroad, . . . 3,000 00 3,682 50 

Phil., Wilming. and Bait. R. R. 2,500 00 3,437 50 

Chicago, Burl, and Quincy,R.R. 20,000 00 27,600 00 

Pullman Palace Car Company, 5,000 00 6,675 00 

Atch., Top. and and Santa FeR.R. 10,000 00 8,925 00 

Cleveland and Canton Railroad, 8,835 00 2,650 50 

and No. Railroad b'ds and stock, 888 00 1,288 00 



50 shares 


15 


i< 


40 


n 


25 


it 


53 


tc 


54 


It 


30 


CI 


113 


It 


20 


tt 


44 


It 


33 


It 


10 


cc 


30 


ic 


18 


tt 


44 


tt 


30 


it 


50 


tt 


200 


IC 


50 


It 


100 


( <■ 


88- 35 - 
Chic, 


tt 

Burl. 



44 



MASSACHUSETTS MUTUAL [Dec. 31, 



Boston and Albany Railroad bonds, . 

Eastern Railroad bonds, 

Burlington and Missouri Railroad bonds, 

United States bonds, .... 

City of Bath bonds, .... 

Town of Concord loan, 

Central Bank loan, .... 



United States bonds, 

60 shares Chic., Burl, and Quincy Railroad, 



Par value. 

$40,000 00 
6,000 00 
4,000 00 
13,000 00 
3,000 00 
19,500 00 
1,000 00 



Market value. 

$47,800 00 
7,290 00 
3,740 00 
16,120 00 
3,090 00 
23,000 00 
1,000 00 



$194,623 00 $227,920 50 



Securities held as collateral for cash loans : — 



Market value. Loaned thereon . 

$22,320 00 $18,000 00 
8,280 00 7,000 00 



$30,600 00 $25,000 00 



Summary of Assets Dec. 

Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens), 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 

Personal loans, 

Cash in the office of the company, 

Cash deposited bank, 

Premiums in course of collection (net). 
Interest due and accrued, .... 
Gross assets, 



31, 1885. 

$17,500 00 

97,400 00 

2 27,920 50 

25,000 00 

33,850 00 

3,929 26 

26,799 70 

6,775 05 

11,362 16 



$450,536 67 



Liabilities. 

Unearned premiums on outstanding risks, . $155,096 35 

Dividends due on terminated policies, . 110 25 

State and local taxes, due or accrued, . 145 00 

Gross liabilities, . 



Surplus, 



Income. 

Cash premiums received during the year, 
Received for interest on mortgages . 

for interest from all other sources, 

for rents, 

Deposit notes received during the year, 

Gross cash income, .... 



§69,523 76 



Expenditures. 

Paid for losses during the year, .... 
for brokerage and commissions, . 
for salaries and fees of officers and employees, 



155,351 60 
6295,185 07 



170,364 13 

6,310 00 

10,932 54 

490 00 



$88,096 67 



$18,809 68 
9,930 36 
7,000 00 



1885.] FIRE INSURANCE COMPANIES. 45 

Paid for State and local taxes, $874 38 

for profits or surplus on terminated policies, . . 35,557 38 

for incidental expenses, 2,971 86 

Gross cash expenditures, $75,143 66 

Miscellaneous. 

Risks outstanding Dec. 31, 1884, . . $20,972,788 00 
Risks written during 1885, .... 4,799,234 00 

Total, $25,772,022 00 

Risks terminated during 1885, 4,127,388 00 



Net amount in force Dec. 31, 1885, .... $21,644,634 00 
Deposit notes received on outstanding risks, . . . 310,192 70 

Losses incurred during the year, 18,809 68 

Percentage of profits or surplus returned during 1885, 50 and 60 per cent. 



Par value. 


Market value. 


$1,000 00 


$1,360 00 


900 00 


1,053 00 


2,000 00 


2,080 00 


2,000 00 


2,000 00 



MILFORD MUTUAL FIRE INSURANCE COMPANY, MILFORD. 

[Incorporated April 30, 1851. Commenced business Jan. 1, 1852.] 

Geo. L. Cooke, President. Geo. G. Parker, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

10 shares Milford National Bank, 
9 " Hide and Leather National Bank, 
Milford Water Works bond, 
Milford Water Co. loan, .... 

$5,900 00 $6,493 00 

Summary of Assets, Dec. 31, 1885. 
Stocks, bonds, etc., as per schedule, . 
Loans on personal security, 
Cash in the office of the company, 
Premiums in course of collection (net), 
Office safe, etc., . . . . $50 00 
Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, . 

Directors 1 fees, 

Gross liabilities, 

Surplus, $5,699 21 

Income. 

Cash premiums received during the year, . $2,974 13 
Deduct return premiums, .... 63 59 

Net cash premiums received, . . . $2,910 54 



$6,493 00 




3,000 00 




637 39 




348 35 






$10,478 74 




$4,762 03 




17 50 






4,779 53 





46 



MASSACHUSETTS MUTUAL [Dec. 31 



Received for interest from all sources, 

from policy fees, . 
Deposit notes received during the year, 

Gross cash income, 



$S,861 10 



Expenditures. 
Paid for losses during the year, .... 
for brokerage and commissions, 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 
for incidental expenses, .... 

Gross cash expenditures, .... 



Miscellaneous. 
Risks outstanding Dec. 31, 1884, . 
Risks written during 1885, .... 

Total, 

Risks terminated during 1885, 



$905,863 00 
218,235 00 



1392 50 
5 00 



$3,308 04 



8219 84 
145 80 
442 61 
27 12 
659 91 
176 79 

$1,672 07 



31,154,098 00 
191,820 00 



Net amount in force Dec. 31, 1885, $962,278 00 

Deposit notes received on outstanding risks, . . . 28,575 24 

Losses incurred during the year, 44 00 

Percentage of profits or surplus returned during 1885, 30 per cent. 
Average rate to date, 30 per cent. 



MILL OWNERS' MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated June 13, 1873. Commenced business Aug. 1, 1873.] 

William H. Kent, President. Frederick S. Cabot, Secretary. 

Office, 31 Milk Street. 



Detailed Statement of Stocks, Bonds, etc. 



Boston city bonds, .... 
Ottawa and Burlington Railroad bonds, 
Chicago, Burl, and Quincy R. R. bonds, 
Boston and Lowell Railroad bonds, . 
Corporation notes, .... 



Par value. 

$35,000 00 

5,000 00 

32,000 00 

15,000 00 

55,000 00 



Market value. 

§37,100 00 

5,550 00 

32,840 00 

15,35G 25 

55,000 00 



$142,000 00 $145,846 '2b 



Summary of Assets, Dec. 31, 1885. 
Stocks, bonds, etc., as per schedule, . . $145,846 25 
Cash in office of the company, . . . 12 36 

Cash deposited in bank, .... 12,400 60 



1885.] FIRE INSURANCE COMPANIES. 



47 



Premiums in course of collection (net), . $1,287 35 

Interest accrued, 2,013 75 

Gross assets, $161,560 31 

Liabilities. 

Adjusted losses and claims, due and unpaid, $5,939 98 

Claimed and reported losses, not adjusted, 3,000 00 

Unearned premiums on outstanding risks, 96,368 97 

State and local taxes, due or accrued, . 365 20 

Gross liabilities, 105,674 15 

Surplus, $55,886 16 



Income. 

Cash premiums received during the year, 
Deduct return premiums, . 
Net cash premiums received, 
Received for interest from all sources, 
Deposit notes received during the year, 

Gross cash income, 



$199,047 40 
7,304 01 



§993,860 60 



$191,743 39 
5,962 90 



§197,706 29 



Expenditures. 
Paid for losses during the year .... 
for salaries and fees of officers and employees, 
for State and local ti xes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 



$35,945 82 
9,800 00 
1,899 57 

124,702 46 

720 00 

4,735 03 

$177,802 88 



Miscellaneous. 

Risks outstanding Dec. 31, 1884, . . $19,353,943 00 

Risks written during 1885, .... 21,723,006 00 



Total, .... 
Risks terminated during 1885, 



-$41,076,949 00 
. 20,209,247 00 



Net amount in force Dec. 31, 1885, .... $20,867,702 00 
Deposit notes received on outstanding risks, . . . 963,689 70 

Losses incurred during the year, 36,694 41 

Percentage of profits or surplus returned during 1885, 70 T 3 o 3 ¥ per cent. 
Average rate to date, 63^ per cent. 



48 



MASSACHUSETTS MUTUAL [Dec. 31, 



MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD 

[Incorporated Feb. 23, 1 v i7. Commenced business July "JO, 1827.] 

W. C. Sturtevant, President. Frank R. Young, Secretary. 



Detailed Statement of Stocks, 

75 shares Second Nat'l Bank, Springfield 

61 ' 

25 • 
25 
25 

10 ' 

10 ' 

50 ' 

50 ■ 

55 ' 

150 ■ 
55 

50 ' 

40 ■ 



Chicopee Nat'l B'k, Springfield 
' John Hancock Nat'l B'k, Spr'ld 

First Nat'l Bank, Springfield, 
' Chapin Nat'l Bank, Springfield 
' Monson Nat'l Bank, Monson, 
' First Nat'l Bank, Chicopee, 
' Hadley Falls Nat'l B'k, Holyoke 
1 Commerce Nat'l Bank, Boston, 
1 Boston and Albany Railroad, 
' N.Y. Cent'l and Hudson Riv. R. R 

Chic, Burl, and Quincy R R. 
' Union Pacific Railroad, 
' Lake Shore and M. S. Railroad 

Boston and Albany Railroad bonds, . 

Union Pacific Railroad bonds, 

St. Johnsbury and Lake Cham. R. R. bonds 

Vermont Valley Railroad bonds, 

Western Union Telegraph bonds, 



Bonds, etc. 

Par value. 

$7,500 00 
6,100 00 
2,500 

2,500 00 
500 00 
1,000 00 
1,000 00 
5,000 00 
5,000 00 
5,500 00 
15.000 00 
5,500 00 
5,000 00 
4,000 00 
7,000 00 
5,000 00 
5,000 00 
4,000 00 
7,000 00 



Market value. 

$13,125 00 

9,760 00 

75 00 

4,000 00 

3,175 00 

1,500 00 

1,600 00 

8,500 00 

6,000 00 
9,84- 

15,450 00 

7,475 00 

10 00 

3,320 00 

8,330 00 

5,650 00 

5,500 00 

4,400 00 

8,260 00 



$96,100 00 fl21,465 00 



Summary of Assets, Dec. 31, 1885. 



Loans on mortgage of real estate (first liens), $9,350 00 



Stocks, bonds, etc., as per schedule, 
Cash in the office of the company. 
Cash deposited in the bank, 
Interest accrued, .... 
Gross assets, .... 



121,465 00 
43' 

1,391 81 

732 96 



133,370 49 



Liabilities. 

Losses and claims adjusted, but not due, . $400 00 

Unearned premiums on outstanding risks, . 31,133 62 

Dividends due on terminated policies, . 211 18 

Gross liabilities, 31,744 80 

Surplus, $101,625 69 

Income. 

Cash premiums received during the year, . $12,975 61 

Deduct return premiums, .... 416 26 

Net cash premiums received, . . . $12,559 35 



1885.] FIRE INSURANCE COMPANIES. 



49 



Received for interest on mortgages, 

for interest from all other sources, 

from policy fees, 

Deposit notes received during the year, . $25,916 22 

Gross cash income, 

Expenditures. 

Paid for losses during the year, .... 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 



$635 65 


5,236 90 


480 00 


$18,911 90 


$1,305 67 


3,093 00 


120 93 


7,949 98 


200 00 


280 32 



$12,949 90 



Miscellaneous. 
Risks outstanding Dec 31, 1884, . . $3,965,888 00 
Risks written during 1885, . . . 873,050 00 

Total, $1,838,938 00 

Risks terminated during 1885, 730,400 00 

Net amount in force Dec. 3 U 885, $1,108,538 00 

Deposit notes received ^mvoutstanding risks, . . . 124,534 50 

Losses incurred during the year 1,705 67 

Percentage of profits or surplus returned during 1885, 75 per cent. 
Average rate to date 75 -j- per cent. 



MUTUAL PROTECTION FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated April 10, 1861. Commenced business July 15, 1864 ] 

Amos Stone, President. Geo. H. Pendergast, Secretary. 

Office, Thompson Square. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

$1,000 00 $2,200 00 

2,000 00 2,780 00 

1,550 00 2,387 00 

5.000 00 4,650 00 

2,000 00 2,220 00 

2,000 00 2,040 00 



10 shares Monument National Bank, . 
20 " Republic National Bank, 
31 " Charlestown Gas Company, 
50 " Atchison, Topeka and S F. R. R. 
Northern Pacific Railroad bonds, 
Oregon Ry. and Nav. Company bonds, 



.3,550 00 $16,277 00 



50 MASSACHUSETTS MUTUAL [Dec. 31, 

Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

36 shares Charlestown Gas Co. . . . $2,772 00 ? 

50 u Conn, and Passumpsic Railroad, . 4,350 00 S * 5 ' 000 °° 

$7,122 00 $5,000 00 

Summary of Assets, Dec. 31, 1885. 
Loans on mortgage of real estate (first liens), $22,270 00 
Stocks, bonds, etc., as per schedule, . . 16,277 00 

Loans on collateral security, as per schedule, 5,000 00 

Cash in the office of the company, . . 534 45 

Cash deposited in the bank, . . . 2,774 08 

Premiums in course of collection (net), . 584 89 

Interest due and accrued, .... 397 88 

Gross assets $47,838 30 

Liabilities 
Unearned premiums on outstanding risks, $5,045 84 

Dividends due on terminated policies, . 10 98 

Gross liabilities, 5,056 82 



Surplus $42,781 48 

Income. 

Cash premiums received during the year, . $ 2,207 28 
Deduct return premiums, . . . . 43 62 

Net cash premiums received, . . . $2,163 66 

Received for interest on mortgages, 1,188 10 

for interest from all other sources, . . . 1,251 43 

Deposit notes received during the year, . $6,552 54 

Gross cash income, $1,603 19 

Expenditures. 

Paid for losses during the year, 

for brokerage and commissions, 377 19 

for State and local taxes, 24 86 

for profits or surplus on terminated policies, . . 462 09 

for rents 400 00 

for incidental expenses, 116 32 



Gross cash expenditures, $2,102 96 

Miscellaneous. 
Risks outstanding Dec. 31, 1884, . . . $1,061,875 00 
Risks written during 1885, .... 260,230 00 

Total, $1,322,105 00 

Risks terminated during 1885, 223,525 00 



Net amount in force Dec. 31, 1885, $1,098,580 00 

Deposit notes received on outstanding risks, . . . 30,275 07 

Losses incurred during the year, 722 50 

Percentage of profits or surplus returned during 1885, 25 per cent. 
Average rate to date, 25 per cent. 



1885.] FIRE INSURANCE COMPANIES. 



51 



NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY, 

NEWBURY PORT. 



[Incorporated February, 1829. 

Amos Notes, President. 



Commenced business May 1, 1829.] 

Chas. J. Brockway, Secretary. 



Detailed Statement of Stocks, 



100 shares Merch. NatM B'k, Newburyport, 
18 
31 
15 
10 
9 
14 



' Mech. Nat'l B'k, Newburyport, 
1 Ocean Nat'l B'k, Newburyport, 
' Washington Nat'l B'k, Boston, 
' Hide & Leather Nat'l B'k, Bost'n 
' Traders' Nat'l Bank, Boston, 
* Chic., Burl, and Quincy R. R., 

Eastern Railroad bonds, 

Rutland Railroad bonds, 

Lawrence city bonds, . 

Lowell city bonds, 

Fall River city bonds, . 

Natick town bonds, 



Bonds, etc. 

Par value. 

$2,000 00 
1,800 00 
1,550 00 
1,500 00 
1,000 00 
900 00 
1,4< 00 
5,500 00 
1,500 00 
1,000 00 
2,000 00 
1,000 00 
2,000 00 



Market value. 

$2,700 00 
2,313 00 
2,015 00 
2,025 00 
1,190 00 
837 00 
1,932 00 
6,710 00 
1,470 00 
1,200 00 
2,240 00 
• 1,200 00 
2,000 00 



$23,150 00 $27,832 00 



Summary of Assets Dec. 31, 1885. 

Loans on mort'ge of real estate (first liens), $1,000 00 

Stocks, bonds, etc., as per schedule, . . 27,832 00 

Cash in the office of the company, . . 34 92 

Cash deposited iu the bank, . . . 2,616 98 

Interest accrued, 350 00 

Office furniture, etc., . . . $200 00 

Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, . $1,332 68 

Rents and salaries, 72 25 

Gross liabilities, 



$31,833 90 



1,404 93 



Surplus, $27,428 97 



Income. 

Cash premiums received during the year, 
Deduct return premiums, 
Net cash premiums received, 
Received for interest on mortgages, . 

for interest from all other sources 

from policy fees, . 
Deposit notes received during the year, 

Gross cash income, 



,506 14 
37 79 



$12,019 12 



$1,468 35 

29 50 

1,487 43 

55 75 

$3,041 03 



52 



MASSACHUSETTS MUTUAL [Dec. 31, 



Expenditures. 

Paid for losses during the year, .... 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 



Miscellaneous. 

Risks outstanding Dec. 31, 1884, . 

Risks written during 1885, .... 

Total, 

Risks terminated during 1885, 



$685,560 00 
117,750 00 





305 


00 


15 


42 


1,280 


15 


100 00 


50 


27 



$2,025 29 



8803,310 00 
107,800 00 



Net amount in force Dec. 31, 1885, $695,510 00 

Deposit notes received on outstanding risks, . . . 69,322 44 
Losses incurred during the year, . . . . . 265 45 

Percentage of profits or surplus returned during 1885, 100 per cent. 
Average rate to date, 100 per cent. 



NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 12, 1825. Commenced business July 1, 1S25 ] 

Ira Cleveland, President. Elijah Howe, Jr., Secretary. 
Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $50,000 00 $56,000 00 

Chicago city bonds, 6,000 00 7,050 00 

Cincinnati city bonds, . . . . . 25,000 00 32,000 00 

N. E. Mort. Security bonds, ... 20,000 00 20,200 00 

Washington county (111.) bonds, . . 5,000 00 5,250 00 

Oregon R'y and Nav. Co. bonds, . . 10,000 00 10,000 00 

Wichita and S. W. Railroad bonds, . . 3,000 00 3,270 00 

Atchison, Topeka and S. F. R. R. bonds, . 15,000 00 15,450 00 

Oregon Short Line Railroad bonds, . . 5,000 00 4,750 00 

Kansas City, St. J. and C. B. R. R. bonds, . 9,000 00 10,800 00 

Union Pacific Railroad bonds, . . . 15,000 00 15,300 00 

Marquette and Ontonagon R. R. bonds, . 32,000 00 35,200 00 

Kansas City, Top. and Western R. R. bonds, 5,000 00 5,600 00 

Philadelphia and Reading R. R. bonds, . 8,000 00 9,280 00 

Cowley, Sumner and Ft, Smith R. R. bonds, 5,000 00 5,900 00 

Fremont, Elkhorn and Mo. Val. R.R. bonds, 5,000 00 5,750 00 

Union Pacific (Sg. Fd.) R. R. bonds, . . 7,000 00 8,050 00 

Old Colony Railroad bonds, . . . 12,000 00 14,100 00 

Dedham Water Company stock, . . . 5,000 00 5,000 00 



$242,000 00 $268,950 00 



1885.] FIRE INSURANCE COMPANIES. 



53 



Summary of Assets, Dec 31, 1885. 

Cash value of unencumbered real estate, . $14,600 00 

Loans on rnort'ge of real estate (first liens), 71,950 00 

Stocks, bonds, etc., as per schedule, . . 268,950 00 

Cash in the office of the company, . . 1,765 11 

Cash deposited in bank, .... 12,630 55 

Premiums in course of collection (net), . 3,120 18 

Interest and rents clue and accrued, . . 7,103 45 

Gross assets, 



$380,119 29 



Liabilities. 
Adjusted losses and claims, due and unpaid, 
Losses and claims adjusted, but not due, 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, 
Dividends due on terminated policies, 
Salaries and incidental expenses, 

Gross liabilities, .... 



Surplus, 



Income. 

Cash premiums received during the year, . 

Received for interest on mortgages, . 

for interest from all other sources, 
for rents, 

Deposit notes received during the year, 

Gross cash income, .... 



$505 00 

60 00 

111,216 43 

78 25 

1,881 25 

487 50 



,770 08 



Expenditures. 

Paid for losses during the year, .... 
for brokerage and commissions, . 
for salaries and fees of officers and employees, 
State and local taxes, . . . • . 
for profits or surplus on terminated policies, 
for incidental expenses, .... 

Gross cash expenditures, .... 



114,228 43 



$265,890 86 

$40,776 16 

3,947 45 

15,182 48 

1,745 18 

$61,651 27 



$17,173 19 

6,019 00 

4,030 01 

690 08 

19,495 85 

1,320 38 

$48,728 51 



Miscellaneous. 



Risks outstanding Dec. 31, 1884, . 
Risks written during 1885, . 

Total, 

Risks terminated during 1885, 



. $14,354,640 00 
. 2,754,439 00 



$17,109,079 00 
. 2,420,058 00 



Net amount in force Dec. 31, 1885, .... $14,689,021 00 
Deposit notes received on outstanding risks, . . . 442,352 62 

Losses incurred during the year, 14,437 61 

Percentage of profits or surplus returned during 1885, 33| to 60 percent. 



54 



MASSACHUSETTS MUTUAL [Dec. 31 



QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY. 

[Incorporated March 22, 1851. Commenced business May, 1851.] 

Chas. A. Howland, President. John G. Mooke, Secretary. 



Detailed Statement of Stocks, 

200 shares Manufacturers' Nat'l B'k, Boston, 

40 ' 
222 

35 
100 

66 

70 

45 

50 

37 

50 

46 

75 

25 

88 
220 

94 

50 

64 

48 

77 

10 

50 

29 

11 
300 

37 

45 
170 
107 



Merchants' Nat 1 ] Bank, Boston, 
Third Nat'l Bank, Boston, . 
State Nat'l Bank, Boston, . 
North Nat'l Bank, Boston, . 
Washington Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
First Nat'l Bank, Boston, . 
Revere Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, 
Continental Nat'l Bank, 
Redemption Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, 
Rockland Nat'l Bank, Boston, 
Mt.Wollaston Nat'l Bank, Quincy, 
Granite Nat'l Bank, Quincy, 
Wachusett Nat'l Bank, Fitchburg, 
Hingham Nat'l Bank, Hinghana, 
First Nat'l Bank, So. Weymouth, 
Union Nat'l Bank, Weymouth, 
Quinsigamond Nat'l B'k,Worc'r, 
Brockton Nat'l Bank, Brockton, 
Plymouth Nat'l Bank, Plymouth, 
Old Colony Railroad, . 
Boston and Lowell Railroad, 
Metropolitan Railroad, 
Citizens' Gaslight Company, 
Lawrence Duck Company, 
Hingham Cordage Company, 



Citizens' Gas Light Company's note, . 



37 shares Atchison, Topeka and S. F. R. R 
350 " Union Mills, Detroit, . 



Bonds, etc. 

Par value. 

$20,000 00 
4,000 00 

22,200 00 
3,500 00 

10,000 00 
6,600 00 
7,000 00 
4,500 00 
5,000 00 
3,700 00 
5,000 00 
4,600 00 
7,500 00 
2,500 00 
8,8U0 00 

22,000 00 
9,400 00 
5,000 00 
4,480 00 
4,800 00 
7,700 00 
1,000 00 
5,000 00 
2,900 00 
1,100 00 

30,000 00 
1,850 00 
4,500 00 

17,000 00 

10,700 00 
7,000 00 



Market value. 

$20,000 00 

5,600 00 

19,980 00 

4,200 00 

13,300 00 

8,580 00 

10,850 00 

4,725 00 

10,000 00 

4,440 00 

6,000 00 

4,968 00 

9,000 00 

2,250 00 

11,880 00 

31,900 00 

11,750 00 

10,000 00 

4,480 00 

6,000 00 

8,855 00 

1,100 00 

5,500 00 

3,335 00 

1,705 00 

36,000 00 

3,330 00 

4,500 00 

21,250 00 

10,700 00 

7,000 00 



$249,330 00 $303,178 00 



Securities held as collateral for cash loans : — 



Market value. 

f 3,145 00 \ 
8,750 00 \ 



Amount loaned. 

$12,000 00 



$11,895 00 $12,000 00 



Summary of Assets, Dec. 31, 1885. 

Cash value of unencumbered real estate, . $15,500 00 
Loans on mortgage of real estate (first liens), 81,439 97 
Stocks, bonds, etc., as per schedule, . . 303,178 00 



1885.] FIRE INSURANCE COMPANIES. 



55 



Loans on collateral security, as per schedule, 

Personal loan, 

Cash in the office of the company, 
Cash deposited in the bank, 
Premiums in course of collection (net), 
Interest accrued, ..... 
Pacific Bank deposit, . . $16,004 42 
Gross assets, 



$11,895 00 

150 00 

390 00 

64,057 89 

9,579 53 

5,858 95 

8,002 21 



,051 55 



Liabilities. 

Adjusted losses and claims, due and unpaid, 
Claims for losses disputed or resisted, 
Unearned premiums, on outstanding risks, 
Dividends due on terminated policies, 
State and local taxes, due or accrued, 
Salaries and incidental expenses, 

Gross liabilities, 

Surplus, . 

Income. 

Cash premiums received during the year, . 

Received for interest on mortgages, . 

for interest from all other sources, 

for rents, 

from profit on sale of stock, 

Deposit notes received during the year, 

Gross cash income, . . . 



$20 50 

1,500 00 

205,792 40 

4,000 00 

200 00 

336 39 



$119,220 08 



211,849 29 
$288,202 26 



$119,220 08 

5,499 75 

17,033 16 

697 26 

450 00 



$142,900 25 



Expenditures. 
Paid for losses during the year, .... 
for brokerage and commissions, . 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 
for incidental expenses, .... 

Gross cash expenditures, .... 



$21,653 91 

18,706 83 

9,907 30 

2,218 92 

46,702 50 

5,481 07 

$104,670 53 



Expenditures. 



Risks outstanding Dec. 31, 1884, . 
Risks written during 1835, . 

Total, 

Risks terminated during 1885, 



$27,445,334 00 
8,449,914 00 



$35,895,248 00 
. 7,290,868 00 



Net amount in force Dec. 31, 1885, .... $28,604,380 00 
Deposit notes received on outstanding risks, . . . 411,584 79 

Losses incurred during the year, 21,649 41 

Percentage of profits or surplus returned during 1885, 20 to 60 per cent. 



56 



MASSACHUSETTS MUTUAL [Dec. 31, 



RUBBER MANUFACTURERS' MUTUAL INSURANCE ( OMPANY, 

BOSTON. 

[Incorporated Nov. 4, 1884. Commenced business Jan. 15, 1885.] 

E. S. Converse, President. B. F. Taft, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



Boston and Lowell Railroad bonds, 
Corporation notes, endorsed, 



Par value. 

$10,000 00 
30,000 00 



Summary of Assets, Dec. 31, 1885. 



Stocks, bonds, etc., as per schedule, . 
Cash in office of the company, . 
Cash deposited in the bank, 
Premiums in course of collection (net), 
Gross assets, .... 

Liabilities. 
Unearned premiums on outstanding risks,. 
State and local taxes, due or accrued, 

Gross liabilities, 

Surplus, 

Income. 

Cash premiums received during the year, 
Deduct return premiums, 
Net cash premiums received, 
Received for interest from all sources. 

from inspections, . 
Deposit notes received during the year, 

Gross cash income, 



$40,625 00 

25 49 

22 53 

37 43 



§24,651 37 
58 21 



$60,843 48 
12,778 18 



$304,217 40 



Expenditures. 
Paid for salaries and fees of officers and employees, 
for State and local taxes, .... 

for rents, 

for incidental expenses, . . . 

Gross cash expenditures, .... 



Market value. 

$10,3' 
30,275 00 



$40,000 00 $40,625 00 



$46,710 45 



24,709 58 
$22,000 87 



$48,065 


30 


992 


09 


10 




§ 49,067 


39 


§1,500 00 


437 


44 




80 


1,799 


37 



$1,219 61 



Miscellaneous. 

Risks written during 1885, $3,353,596 00 

Risks terminated during 1885, 874,925 00 



Net amount in force Dec. 31, 1885, 
Deposit notes received on outstanding risks, 



. $2,478,671 00 
310,404 55 



1885.] FIRE INSURANCE COMPANIES. 



57 



SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated April 17, 1838. Commenced business May, 1838.] 

Charles S. Nichols, President. Samuel A. Potter, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. 

20 shares Salem National Bank, . . . $2,000 00 

14 " Asiatic National Bank, Salem, . 420 00 

5 " Exchange National Bank, Salem, 500 00 

15 " Salem Gas Light Company, 1,500 00 

6 " Cambridge Railroad Company, . 600 00 

Cincinnati city bonds, 2,000 00 

Toledo city bonds, 2,000 00 

Springfield city bonds, 1,000 00 

Cleveland city bonds, 1,000 00 

Peoria city bonds, • 1,000 00 

Chelsea city bonds, 1,000 00 

Chicago city bonds, 1,000 00 

St. Louis city bonds, 1,000 00 

Keene city bonds, 1,000 00 

St. Louis county bonds, .... 1,000 00 

Boston and Maine Railroad bonds, . . 1,000 00 

Boston and Lowell Railroad bonds, . . 2,000 00 

Eastern Railroad bonds, .... 1,000 00 

Essex Railroad bonds, 1,000 00 



Market value. 

$2,500 00 

574 00 

610 00 

1,545 00 

564 00 

2,570 00 

2,120 00 

1,400 00 

1,180 00 

1,070 00 

1,120 00 

1,160 00 

1,090 00 

1,050 00 

1,110 00 

1,230 00 

2,280 00 

1,210 00 

1,005 00 



$22,020 00 $25,388 00 



Summary of Assets, Dec 

Loans on mortgage of real estate (first liens), 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 
Premiums in course of collection (net), 
Interest due and accrued, 

Gross assets, 



31, 1885. 

$19,300 00 

25,388 00 

459 81 

436 76 

886 99 



$46,171 56 



Liabilities. 

Adjusted losses and claims, due and unpaid, 
Unearned premiums on outstanding risks, 
Dividends due on terminated policies, 
State and local taxes, due or accrued, 
Salaries and incidental expenses, 

Gross liabilities, 



00 

6,302 67 

325 79 

11 16 

351 00 



7,004 62 



Surplus, $39,466 94 



58 



MASSACHUSETTS MUTUAL [Dec. 31, 



Income. 

Cash premiums received during the year, . 
Deduct return premiums, .... 
Net cash premiums received, 
Received for interest on mortgages, . 

for interest from all other sources, 
Deposit notes received during the year, 

Gross cash income, .... 



15,288 69 




30 40 






85,258 29 
875 45 


... 


. 


1,441 78 


$15,799 17 





Expenditures. 
Paid for losses during the year, .... 
for brokerage and commissions, . 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 
for incidental expenses, .... 

Gross cash expenditures, .... 



Miscellaneous. 

Risks outstanding Dec. 31, 1884, . . . $842,140 00 
Risks written during 1885, .... 360,645 00 



$7,575 52 



$94 20 


93 


85 


1,274 00 


46 


98 


1,601 


77 


71 


21 


$3,182 


01 



Total 

Risks terminated during 1885, 



$1,202,785 00 
358,255 00 



Net amount in force Dec. 31, 1885, $844,530 00 

Deposit notes received on outstanding risks, . . . 37,816 00 

Losses incurred during the year, 108 20 

Percentage of profits or surplus returned during 1885, 40 per cent. 
Average rate to date, 40 per cent. 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE 
COMPANY, SALISBURY. 

[Incorporated May 18, 1855. Commenced business June 13, 1855.] 

George T. Bagley, President. Charles L. Allen, Secretary. 

Summary of Assets, Dec. 31, 1885. 

Cash in the office of the company, . . $133 26 

Cash deposited in bank, .... 1,533 52 

Office safe, $100 00 

Gross assets, 



Liabilities. 

Unearned premiums on outstanding risks, . 
Gross liabilities, 



$1,368 45 



$1,666 78 



1,368 45 



Surplus, 



$298 33 



1885.] FIRE INSURANCE COMPANIES, 



59 



Income. 

Cash premiums received during the year, 
Deduct return premiums, 
Net cash premiums received, 
Received for interest from all sources, 
Deposit notes received during the year, 

Gross cash income, 



$516 10 
64 54 



$5,297 00 



Expenditures. 

Paid for salaries and fees of officers and employees, . 

for State and local taxes, 

for incidental expenses, 

Gross cash expenditures, 



Miscellaneous. 

Risks outstanding Dec. 31, 1884,. 

Risks written during 1885, .... 

Total, 

Risks terminated during 1885, . 



$343,911 00 
64,600 00 



$151 56 
60 57 



5512 13 



$152 00 


4 


40 


33 


50 



$189 90 



$408,511 00 
74,431 00 



Net amount in force Dec. 31, 1885, $334,080 00 

Deposit notes received on outstanding risks, . . . 27,368 90 
Percentage of profits or surplus returned during 1885, 10 per cent. 
Average rate to date, 10 per cent. 



SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS. 

[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.] 

Harmon Hall, President. Wilbur F. Newhall, Secretary. 

[Note. — This company insures nothing but dwellings, farm build- 
ings, and their contents, in Lynn, Saugus, Lynnfield, Swampscott and 
Nahant. No cash premiums are taken ; but assessments are made on 
deposit notes, to pay losses and expenses. All policies are issued for a 
term of three years.] 

Summary of Assets, Dec. 31, 1885. 



Cash in the office of the company, 
Cash deposited in bank, 
Unpaid assessments on deposit notes, 
Gross assets, .... 



pl,251 76 

2,000 00 

94 00 



Liabilities. 



Rents due and accrued, . 
Gross liabilities, 



$43 75 



!,345 76 



$43 75 



60 



MASSACHUSETTS MUTUAL [Dec. 31, 



Income. 

Received for interest from all other sources, 
from assessments on deposit notes, 

for rents, 

from policy fees, etc., ...... 

Deposit notes received during the year, . $117,908 00 



Gross cash income, 



Expenditures. 
Paid for losses dming the year, .... 
for salaries and fees of officers and employees, 
for State and local taxes, .... 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 



Miscellaneous. 
Risks outstanding Dec. 31, 1884, . . . §2,669,350 00 
Risks written during 1885, .... 955,250 00 



$130 00 


1,474 


00 


70 


00 


622 


00 


12,296 


00 


$860 


12 


1,216 


50 


15 


07 


131 


25 


200 


37 



$2,423 31 



Total, 

Risks terminated during 1885, 

Net amount in force Dec. 31, 1885, 
Deposit notes received on outstanding risks, 
Losses incurred during the year, . 
Assessments laid on deposit notes, 



$3,624,600 00 
893,925 00 

$2,730,675 00 

335,583 00 

860 12 

1,503 20 



SHELBURNE MUTUAL FIRE INSURANCE COMPANY, 

SHELBURNE. 

[Incorporated July, 1877. Commenced business July 4, 1877.] 

N. O. Newhall, President. E. B. Alvord, Secretary. 

[Note. — Insures property in the town of Shelburne only.] 

Summary of Assets, Dec. 31, 1885. 
Cash in the office of the company, . . $5 62 

Cash deposited in the savings bank, . . 871 50 

Gross assets, $877 12 



Income. 

Cash premiums received during the year, 
Received for interest from all sources, 
Deposit notes received during the year, 

Gross cash income, 



$425 00 



$37 40 
33 84 



$71 24 



1885.] FIRE INSURANCE COMPANIES. 



61 



Expenditures. 

Paid for losses during the year, .... 
for salaries and fees of officers and employees, 
for State and local taxes, .... 

Gross cash expenditures, .... 



M 00 

2 00 
37 

&9 37 



Miscellaneous. 

Risks outstanding Dec. 31, 1884, 

Risks written during 1885, .... 

Total, 

Risks terminated during 1885, 

Net amount in force Dec. 31, 1885, 

Deposit notes received on outstanding risks, 

Losses incurred during the year, 



$110,558 00 
10,200 00 



120,758 00 

9,600 00 

1111,158 00 

6,793 2-4 

7 00 



SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY, 

PEABODY. 

[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.J 

William P. Clark, President. George M. Foster, Secretary. 



Detailed Statement of Stocks, 

100 shares So. Danvers Nat'l B'k, Peabody, 
48 
51 
20 
18 
12 
34 
30 



' Warren Nat'l Bank, Peabody, 

Asiatic Nat'l Bank, Salem, . 
' Naumkeag Nat'l Bank, Salem, 
1 Exchange Nat'l Bank, Salem, 
1 First Nat'l Bank, Salem, . 
1 First Nat'l Bank, Danvers, . 
« Hide & Leather Nat'l B'k, Bost'n, 
8 " Andover Nat'l Bank, . 
10 " Manufacturers' Nat'l B'k, Bost'n, 
10 " Naumkeag St'm Cotton Co., Salem, 
1 share Cape Ann Nat'l Bank, Gloucester, 
United States bonds, .... 
Cincinnati city bonds, .... 
Omaha city bonds, .... 
Eastern Railroad bonds, 
Boston and Maine Railroad bonds, 
Ogdensburgh and Lake Cham. R. R. bonds, 
Wakefield Water Company bonds, 



Bonds, etc. 

Par value. 

$10,000 00 
4,800 00 
1,530 00 
2,000 00 
1,800 00 
1,200 00 
2,550 00 
3,000 00 

800 00 
1,000 00 
1,000 00 

100 00 
5,000 00 
3,000 00 
2,000 00 
2,000 00 
2,000 00 
2,000 00 
2,000 00 



Market value. 
$14,800 00 
6,336 00 
2,091 00 
2,840 00 
2,232 00 
1,560 00 
2,958 00 
3,570 00 
1,064 00 
1,0 JO 00 
920 00 
150 00 
5,600 00 
3,720 00 
2,060 00 
2,420 00 
2,440 00 
2,060 00 
2,060 00 



$47,780 00 $59,881 00 



62 



MASSACHUSETTS MUTUAL [Dec. 31, 



Summary of Assets, Dec. 31, 1885. 



Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 
Cash deposited in bank, 
Premiums in course of collection (net), 

Interest accrued, 

Gross assets, 



$59,881 00 




264 75 




2/206 58 




7 00 




337 58 






$62,696 91 



Liabilities. 
Unearned premiums on outstanding risk?, 
Dividends due on terminated policies, 
Salaries due and accrued, . 

Gross liabilities, .... 



Surplus, 



$11,557 03 
293 06 
197 00 



12,047 09 
$50,649 82 



Income. 

Cash premiums received during the year, . $4,779 88 

Deduct return premiums, .... 553 25 

Net cash premiums received, . . . 

Received for interest on mortora^es, 

for interest from all other sources, 

from policy fees, 

Deposit notes received during the year, . $14,305 14 

Gross cash income, 



8 4,-226 63 

18 00 
2,77 
163 00 



$7,183 43 



Expenditures. 

Paid for losses during the year, .... 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 
for incidental expenses, .... 

Gross cash expenditures, .... 



M,135 00 

787 50 

44 83 

4,165 13 

7 83 



$6,140 29 



Miscellaneous. 



Risks outstanding Dec. 31, 1884, 
Risks written during 1885, . 
Total, .... 
Risks terminated during 1885, 



$1,057,617 00 
221,850 00 



$1,279,467 00 
223^00 00 



Net amount in force Dec. 31, 1885, $1,055,667 

Deposit notes received on outstanding risks, . . . 69,342 18 

Losses incurred during the year, 1,135 00 

Percentage of profits or surplus returned during 1885, 100 per cent. 



1885."} 



FIRE INSURANCE COMPANIES. 



63 



SPINNERS' MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 12, 1881. Commenced business April 1, 1881.] 

Edward Atkinson, President. Wm. B. Whiting, Secretary. 

Office, 31 Milk Street. 



Summary of Assets, Dec. 31, 1885. 

Cash in the office of the company, . . $188 07 

Cash deposited in bank, .... 43,526 20 

Gross assets, 



$43,714 27 



Liabilities. 

Unearned premiums on outstanding risks, 
State and local taxes, due or accrued. 

Gross liabilities, 



$24,061 69 
87 92 



24,149 61 



Surplus, $19,564 66 



Income. 

Cash premiums received during the year, 
Deduct return premiums, 
Net cash premiums received, 
Received for interest from all sources, 
Deposit notes received during the year, 

Gross cash income, 



$51,253 55 
3,209 3L 



$256,267 75 



Expenditures. 
Paid for losses during the year, .... 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 
for inspections, 



Gross cash expenditures, 



$48,044 24 
896 63 



$18,940 87 



$2,238 01 

1,693 93 

• 474 42 

34,039 33 

149 18 

866 15 

604 00 

$40,065 02 



Miscellaneous. 



Risks outstanding Dec. 31, 1881, 
Risks written during 1885, . 
Total, .... 
Risks terminated during 1885, 



$5,030,307 00 
6,582,466 00 



Net amount in force Dec. 31, 1885, $6,080,406 00 

Deposit notes received on outstanding risks, . . . 240,616 ^>b 

Losses incurred during the year, 2,238 01 

Percentage of profits or surplus returned during 1885, Si-f^ per cent. 
Average rate to date, 72^ per cent. 



$11,612,773 00 
5,532,367 00 



64 



MASSACHUSETTS MUTUAL [Dec. 31, 



TRADERS' AND MECHANICS' MUTUAL FIRE INSURANCE 
COMPANY, LOWELL. 

[Incorporated June, 1848. Commenced business June, 1848.] 

Levi Sprague, President. Edward M. Tucke, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

Boston and Lowell Railroad bonds, . . $15,000 00 $17,775 00 

Conn, and Passumpsic R.R. bonds, . . 1,000 00 1,190 00 

Cambridge city bonds 5,000 00 5,000 00 

Lowell city bonds 3,000 00 3,300 00 

Lynn city bonds 5,000 00 5,000 00 

Cook County (Illinois) bonds, . . . 2,000 00 2,000 00 

362 shares Traders & Mechanics Ins. Co., . 36,200 00 36,200 00 

50 " Connecticut River Railroad, . 5,000 00 8,325 00 

25 " Vermont and Mass. Railroad, . 2,500 00 3,350 00 

100 " Lowell Gas Co 10,000 00 16,500 00 

50 " Lawrence Gas Co., . . . 5,000 00 6,750 00 

15 " Middlesex Manuf. Co., . . 1,500 00 2,625 00 

3 " Massachusetts Cotton Mills, . 3,000 00 3,142 50 

30 " Tremont & Suffolk Manuf. Co., . 3,000 00 3,300 00 

50 " Vassalboro' Manuf. Co., . . 5,000 00 1,250 00 

8 " Merrimack Manuf. Co., . . 8,000 00 10,680 00 

20 " Androscoggin Manuf. Co., . . 2,000 00 2,400 00 

5 " Lowell Manuf. Co 3,450 00 3,612 50 

20 " No. America Nat'l B'k, Boston, . 2,000 00 2,085 00 

30 " Old Lowell Nat'l B'k, Lowell, . 3,000 00 3,600 00 



$120,650 00 $138,C> 



Securities held as collateral for cash loans. 

17 shares N. E. Telephone Co., . 
8 " Vermont and Mass. Railroad, 
5 " Boston and Albany Railroad, 
Leavenworth Top. & S. W. R. R. bonds, 
600 shares Erie Telephone Co., . 
55 ' 
100 ' 
10 ' 
100 
50 
6 
20 
1 
65 
300 



Nashua and Lowell Railroad, 

St. Louis & San. Fran. R. R., 

Bates Manuf. Co., 

Pewabic Mining Co., . 

Franklin Co., 

Vermont and Mass. Railroad, 

American Bolt Co., 

Appleton Co., 

Shorey Spring Bed Co , 

Erie Telephone Co., . 

Excess of loan over market value, 



} 



Market value. 

$510 00 

1,872 00 

11,625 00 

18,000 00 

6,875 00 



Loaned thereon. 

$1,250 00 

1,600 00 

10,000 00 

15,000 00 

6,100 00 



1 
■ 

\ 6,963 00 9,000 00 
i 

J 



804 00 


750 00 


1,600 00 


1,000 00 


1,000 00 


500 00 


650 00 


500 00 


9,000 00 


5,000 00 


$58,899 00 


$50,700 00 


. 


2,777 00 




$47,923 00 



1885.] FIRE INSURANCE COMPANIES. 



65 



Summary of Assets, Dec. 31, 1885. 

Loans on mort'ge of real estate (first liens), $188,000 00 

Stocks, bonds, etc., as per schedule, . . 138,085 00 

Loans on collateral security, as per schedule, 47,923 00 

Personal loans, 54,730 90 

Cash in the office of the company and in 

bank 15,170 30 

Premiums in course of collection (net), . 4,830 95 

Interest due and accrued, .... 6,485 05 

Gross assets, $455,225 20 

Liabilities. 

Losses and claims adjusted, but not due, . $851 66 

Unearned premiums on outstanding risks, . 146,088 52 

Gross liabilities, 146,940 18 



Surplus, $308,285 02 

Income. 
Cash premiums received during the year, $79,034 57 
Deduct return premiums, .... 1,669 09 

Net cash premiums received, .... $77,365 48 

Received for interest on mortgages and collaterals, . . 15,207 91 

for interest from all other sources, . . . 7,499 00 
Deposit notes received during the year, . $80,827 84 

Gross cash income, $100,072 39 

Expenditures. 

Paid for losses during the year, $11,911 94 

for brokerage and commissions, 10,821 65 

for salaries and fees of officers and employees, . . 9,957 49 

for State and local taxes, 1,129 01 

for profits or surplus on terminated policies, . . 26,996 13 

for rents, 300 00 



Gross cash expenditures, 

• Miscellaneous. 

Risks outstanding December 31, 1884, . $18,474,973 00 
Risks written during 1885, .... 5,553,011 00 



11,116 22 



Total, .... 
Risks terminated during 1885, 



$24,027,984 00 
. 4,148,594 00 



Net amount in force December 31, 1885, . . . $19,879,390 00 
Deposit notes received on outstanding risks, . . . 292,177 04 

Losses incurred during the year, 12,763 60 

Percentage of profits or surplus returned during 1885, 20, 40, and 60 per 
cent. 



66 



MASSACHUSETTS MUTUAL [Dec. 31, 



WESTFORD MUTUAL FIRE INSURANCE COMPANY, 

WESTFORD. 

[Incorporated March 20, 1840. Commenced business July, 1840.] 

Allan Cameron, President. J. Henry Reed, Secretary. 

Summary of Assets, December 31, 1885. 

Loans on mortgage of real estate (first liens) , $3,100 00 

on personal security, . . . . 105 00 

Cash in the office of the company, . . 152 76 

deposited in bank, .... 825 49 

Interest due, 168 50 

Gross assets, .84,351 75 



Liabilities. 

Unearned premiums on outstanding risks, . $1,670 27 
Gross liabilities, 



1,670 27 



Surplus, 

Income. 

Cash premiums received, . 
Received for interest from all sources, 
Deposit notes received during the year, 



$2,681 48 



$565 70 
113 00 



$1,697 10 



Gross cash income, 



$678 70 



Expenditures. 

Paid for losses during the year, 

for salaries and fees of officers and employees, . 
for State and local taxes, 

Gross cash expenditures, 

Miscellaneous. 

Risks outstanding December 31, 1884, . $327,855 00 
written during 1885, .... 59,975 00 

Total, 

Risks terminated during 1885, 
Net amount in force December 31, 1885, 
Deposit notes received on outstanding risks, 
Losses incurred during the year, 



$850 00 


35 00 


6 62 



$891 62 



$387,830 00 

53,775 00 

334,055 00 

18,818 19 

600 00 



1885.] FIRE INSURANCE COMPANIES. 



67 



WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, 

WEST NEWBURY. 

[Incorporated March, 1828. Commenced business April, 1828.] 

William Merrill, President. Henry T. Bailey, Secretary. 

[Note. — This company charges no cash premium, but relies upon 
assessments on deposit notes to pay losses and expenses.] 

Summary of Assets, Dec. 31, 1885 

Cash in the office of the company, . . $123 00 

Cash deposited in the bank, ... 336 03 
Office furniture, .... $140 00 

Gross assets, $459 03 



Liabilities. 

Rents, salaries and incidental expenses, 
Gross liabilities, 

Income. 

Received from assessments on deposit notes, 
from policy fees, .... 
Deposit notes received during the year, 



$540 00 



$540 00 



$32 31 
318 00 



,918 83 



Gross cash income, 



$350 31 



Expenditures. 
Paid for losses during the year, .... 
for brokerage and commissions, . 
for salaries and fees of officers and employees, 
for State and local taxes, .... 

for rents, 

for incidental expenses, .... 

Gross cash expenditures, .... 



$1,523 


11 


1 


62 


366 07 




33 


15 


00 


85 28 



,991 41 



Miscellaneous. 

Risks outstanding Dec. 31, 18^4, . . . $2,427,538 00 



Risks written during 1885, . 

Total, 

Risks terminated during 1885, . 

Net amount in force Dec. 31, 1885, 
Deposit notes received on outstanding risks, 
Losses incurred during the year, 



846,184 00 



- $3,273,722 00 
672,588 00 

. $2,601,134 00 

138,032 13 

1,529 11 



68 



MASSACHUSETTS MUTUAL [Dec. 31 



WORCESTER MANUFACTURERS' MUTUAL FIRE INSURANT 
COMPANY, WORCESTER. 

[Incorporated March 31, 18 b. Commenced business March 31, 1855.] 

George M. Rice, President. Samuel R. Barton, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, . ... $10,000 00 $12,312 50 

Worcester city bonds 10,000 11,500 00 

Boston and Albany Railroad bonds, . . 26,000 00 31,005 00 

Boston and Fitchburg Railroad bonds, . 15,000 00 18,525 00 

Old Colony Railroad bonds, . . . 25,000 00 30,750 

Providence and Worcester Railroad bonds, 13,000 00 15,990 00 

Chic. Burl, and Quincy Railroad bonds, . 25,000 00 24,500 00 

Chicago and East 111. Railroad bonds, . 15,000 00 17,175 00 

60 shares City National Bank, Worcester, . 6,000 00 7,200 00 

Corporation notes, 25,000 00 .000 00 

$170,000 00 $193,957 50 
Summary of Assets, Dec. 31, 1885. 



Stocks, bonds, etc., as per schedule, . 
Loans on personal security, 
Cash in the office of the company, 
Cash deposited in bank, 

Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, 
State and local taxes, due or accrued, . 
Gross liabilities, .... 



$193,957 50 

10,000 00 

25 00 

25,462 16 



*5,745 30 
281 10 



Surplus, 

Income. 

Cash premiums received during the year, 
Deduct return premiums, 
Net cash premiums received, 
Received for interest from all sources, 
Deposit notes received during the year, 



,414 66 



86,026 40 

•S 143,418 26 



$176,162 11 
4,671 51 



$380,810 55 



Gross cash income, 

Expenditures. 

Paid for losses during the year, .... 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 

for rents, 

for incidental expenses, .... 

Inspections, 



Gross cash expenditures, 



$171,490 60 
11,555 31 

$183,045 91 

$31,668 43 

4,683 CO 

1,743 30 

136,396 32 

500 00 

939 61 

2,367 00 

r 175,297 66 



1885.] FIRE INSURANCE COMPANIES. 



69 



Miscellaneous. 



Risks outstanding Dec. 31, 1884, 
Risks written during 1885, , 

Total, . . 
Risks terminated during 1885, 



. $20,067,180 00 
. 20,114,684 00 



$40,181,864 00 
. 20,443,564 00 



Net amount in force Dec. 31, 1885, .... $19,738,300 00 
Deposit notes received on outstanding risks, . . . 866,567 45 

Losses incurred during the year, 31,668 43 

Percentage of profits or surplus returned during 1885, 78 T % 3 o per cent. 
Average rate to date, Go-g^ per cent. 



WORCESTER MUTUAL FIRE INSURANCE COMPANY, 

WORCESTER. 

[Incorporated February, 1823. Commenced business March, 1824.] 

Ebenezer Torrey, President. Chas. M. Miles, Vice-President. 

Roger F. Upham, Secretary. 



Detailed Statement of Stocks, 



United States bonds, .... 

Union Pacific Railroad bonds, 

Boston, Barre and Gardner Railroad bonds 

170 shares Worcester National Bank, . 

200 

50 

22 

57 

45 

40 

15 

20 

15 

15 

30 

25 



City National Bank, . 
Citizens 1 National Bank, . 
Central National Bank, 
Mechanics' National Bank, 
Quinsigamond National Bank, 
Fitchburg National Bank, . 
Blackstone National Bank, 
Oxford National Bank, 
Grafton National Bank, 
Southbridge National Bank, 
Westboro' National Bank, . 
Wachusett National Bank, 



Bonds, etc. 

Par value. 

$20,000 00 
5,000 00 
12,000 00 
17,000 00 
20,000 00 
5,000 00 
2,200 00 
5,700 00 
4,500 00 
4,000 00 
1,500 00 
2,000 00 
1,500 00 
1,500 00 
3,030 00 
2,500 00 



Market value. 

$24,400 00 
5,570 00 
12,840 00 
22,610 00 
24,000 00 
6,650 00 
3,080 00 
7,125 00 
4,500 00 
6,000 00 
1,650 00 
2,600 00 
1,650 00 
1,950 00 
3,030 00 
4,950 00 



$107,430 00 $132,605 00 



Securities held as collateral for cash loans : — 



10 shares Bay State House stock and 2 morts., 

65 " Worcester Gas Light Co., 

15 " Chic, Burl, and Quincy Railroad, 

Chicago, Burl, and Quincy Railroad bond, . 

Worcester and Nashua Railroad bonds, 

15 shares Chic, Burl, and Quincy R. R., 



Market value. 

$2,250 00 

9,750 00 

925 00 

1,770 00 

37,000 00 
1,950 00 
1,298 00 



Loaned thereon. 

$1,850 00 
6,500 00 

2,000 00 

25,000 00 
1,000 00 
1,100 00 



$54,943 00 $37,450 00 



70 



MASSACHUSETTS MUTUAL [Dec. 31, 



Summary of Assets, Dec. 31, 1885. 

Cash value of unencumbered real estate, . $80,000 00 

Loans on mort'ge of real estate (first liens), 269,233 00 

Stocks, bonds, etc., as per schedule, . . 132,605 00 

Loans on collateral security, as per schedule, 37,450 00 

Personal loans, 18,000 00 

Cash in the office of the comp 1 y and in bank, 13,765 35 

Premiums in course of collection (net), . 1,464 46 

Interest due and accrued, .... 9,849 99 

Gross assets, 



$562,367 80 



Liabilities. 

Adjusted losses and claims unpaid, 
Unearned premiums on outstanding risks, 
Gross liabilities, .... 

Surplus, 

Income. 

Cash premiums received during the year, 
Received for interest from all sources, 
for rents, 

from builders' risks, 
from extra premiums, . 
Deposit notes received during the year, 

Gross cash income, 



$1,690 00 
236,055 12 



$98,148 72 



237,745 12 

$324,622 68 

$98,148 72 

21,288 78 

4,922 01 

427 75 

426 07 

$125,213 33 



Expenditures. 
Paid for losses during the year, .... 
for brokerage and commissions, . 
for salaries and fees of officers and employees, 
for State and local taxes, .... 
for profits or surplus on terminated policies, 
for incidental expenses, .... 
for repairs of real estate, etc., 

Gross cash expenditures, .... 



$38,850 54 

11,275 06 

10,659 20 

4 39 

55,095 90 

2,261 46 

2,448 52 

$123,445 07 



Miscellaneous. 



Risks outstanding Dec. 31, 1884, 
Risks written during 1885, . 
Total, .... 
Risks terminated during 1885, 



.$31,021,107 00 
. 6,727,636 00 



$37,748,743 00 
, 6,303,278 00 



Net amount in force Dec. 31, 1885, .... $31,445,465 00 
Deposit notes received on outstanding risks, . . . 472,110 25 

Losses incurred during the year, 35,879 69 

Percentage of profits or surplus returned during 1885, 60 per cent. 



1885.] FIRE INSURANCE COMPANIES. 



71 



AGGKEGATE. 





$300,000 


Assets, 






$7,984,588 


Liabilities. 




Gross present liabilities, 


$3,156,510 


Income. 




Cash received for premiums during the year, . 


$2,834,049 


for interest and dividends, .... 


369,436 


from assessment on deposit notes, 


7,935 


for rents, 


17,267 


from all other sources, .... 


8,897 


Gross cash income, 


$3,237,584 


Expenditures. 




Cash paid for losses, 


$581,971 


for brokerage and commission on premiums, . 


153,550 


for salaries and fees of officers and employees, 


191,468 


for interest on borrowed money, 


178 


for State and local taxes, 


37,548 


for return of profits or surplus, .... 


1,640,466 


for rents, 


14,223 


for dividends on guaranty capital, 


21,000 


for all other expenditures, 


87,306 


Total expenditures, 


$2,727,710 


General Items. 




Risks written during the year, 


$285,621,843 


terminated during the year, 


260,650,641 


outstanding at end of year, 


518,183,417 


Amount of deposit notes received thereon, 


15,833,555 


of losses incurred during the year, 


564,934 


Net profits reserved by companies having guaranty capital, 


149,215 



MASSACHUSETTS 

MUTUAL MARINE INSURANCE COMPANIES. 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1885. 



74 



MASSACHUSETTS MUTUAL [Dec. 31, 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



CHINA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 30, 1853. Commenced business Oct. 1, 1853.] 

William Perkins, President. George L. Deblois, Secretary. 

Office No. 62 State Street. 



Detailed Statement of Stocks, 



United States bonds, . 

Brookline town bonds, 

Beverly town bonds, . 

100 shares Atlas National Bank, . 

100 " Old Boston National Bank, 

100 " Continental National Bank, 

150 " Commerce National Bank, 

300 " Columbian National Bank, 

300 " Hide and Leather National Bank 

16 " Massachusetts National Bank, 
120 " North National Bank, Boston, 
100 " New England National Bank, 
300 " Republic National Bank, 
200 " Second National Bank, 

30 " State National Bank, . 
350 " Tremont National Bank,, 
100 " Webster National Bank, 
300 " Washington National Bank, 
220 " Boston and Albany Railroad, 
120 " Boston and Providence Railroad 
288 " Boston and Lowell Railroad, 
Eastern Railroad bonds, 
Scrip of other companies, . 



Bonds, etc. 

Par value. 

$20,000 00 
10,000 00 
20,000 00 
10,000 00 

5,000 00 
10,000 00 
15,000 00 
30,000 00 
30,000 00 

4,000 00 
12,000 00 
10,000 00 
30,000 00 
20,000 00 

3,000 00 
35,000 00 
10,000 00 
30,000 00 
22,000 00 
12,000 00 
28,800 00 
10,000 00 
320 00 



Market value. 

$24,800 
13,000 00 
20,500 00 
12,600 00 

6,100 00 
11,100 00 
18,000 00 
39,300 00 
35,700 00 

3,960 00 
16,320 00 
14,600 00 
41,700 00 
31,800 00 

3,720 00 
38,500 00 
10,500 00 
40,200 00 
39,600 00 
22,200 00 
35,136 00 
12,100 00 
100 00 



$377,120 00 $491,536 00 



1885.] MARINE INSURANCE COMPANIES. 75 



Securities held as collateral for cash loans : — 



375 shares Atch., Topeka and S. F. R. R., 
Kansas Pacific R. R. bonds, . 
Corporation notes, .... 
Loans on personal security, . 



Market value. 

$33,375 00 
25,000 00 



Summary of Assets, Dec. 31, 1885. 



Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash deposited in bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Gross assets, 

Liabilities. 

Losses claimed and reported, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, . 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, 

Gross liabilities, except scrip, 



$491,536 00 

234,111 14 

11,437 27 

1,281 50 

30,980 93 

202,040 29 



$16,000 00 

138,752 42* 

35 00 

61 80 

750 00 

500 00 



Surplus as regards policy-holders, 
Scrip outstanding, not ordered to be redeemed, . 

Surplus over scrip, 

Income. 

Cash received for marine and inl'd prem's, . $273,599 59 
Deduct re-insurance and return premiums, 32,860 62 

Net cash rec'd for marine and inl'd prem's, 

Interest and dividends received from all sources, 

Gross cash income, 

Expenditures. 

Cash paid for marine and inland losses, . $294,630 28 
Deduct salvage and reinsurance, . . 55,804 53 

Net cash paid for marine and inland losses, 

Cash paid for redemption of scrip, 
Interest paid scrip-holders, .... 
Cash paid for commissions and brokerage, 

" " salaries of officers and employees, 

" " State and local taxes, . 

" " incidentals, .... 

Gross cash expenditures, 



Loaned thereon. 

$50,000 00 

47,273 35 
136,837 79 

$234,111 14 



$971,387 13 



156,099 22 

$815,287 91 
677,905 00 

$137,382 91 



$240,738 97 
28,811 58 

$269,550 55 



$238,825 75 
85,405 00 
42,317 40 
12,905 43 
18,800 00 
3,404 46 
9,745 88 

$411,403 92 



* Taken at 100 per cent. 



76 MASSACHUSETTS MUTUAL [ Dec - 31 > 

Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1884, $8,110,201 00 % 158,145 06 

written during 1885, . . 18,042,288 00 315,414 90 



Total, 126,152,489 00 $473,559 96 

Deduct risks expired and terminated, . 17,146,006 00 315,205 38 



In force at end of year, .... $9,006,483 00 $158,354 58 
Deduct amount reinsured, . . . 1,744,282 00 19,602 16 



Net amount in force, .... $7,262,201 00 $138,752 42 

Miscellaneous. 
Premiums received from organization of company, . .$13,164,151 00 
Losses paid from organization of company, . . . 8,570,836 00 
Cash dividends declared from organization of company, . 2,765,397 00 
Marine and inland losses incurred during the year, . . 254,825 75 



INDIA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 29, 1867. Commenced business May 22, 1867.] 

"Whole amount of guaranty fund, §63,600 00 

Paid up in subscription notes, 63,600 00 

Outstanding scrip not ordered to be redeemed, 156,272 00 

John H. Dane, President. William L. Cayerly, Secretary. 

Office, No. 49 State Street. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value 

Old Colony Railroad bonds, 

Boston and Maine Railroad bonds, 

Boston and Albany Railroad bonds, . 

New York and New England R. R. bonds, 

Fitchburg Railroad bonds, . 

Boston and Lowell Railroad bonds, 

Nashua and Rochester bonds, 

Metropolitan Railroad bonds, 

N. E. Mortgage Security Company bonds, 

Oregon Southern Imp. Company bonds, 

United States bonds, .... 

100 shares Boston and Maine Railroad, 

150 " Old Colony Railroad, . 
75 " Boston and Providence Railroad, 7,500 00 13,875 00 

20 " Highland Street Railway, . . 2,000 00 2,900 00 



120,000 00 3,300 00 

5,000 00 6,200 00 

2,000 00 2,380 00 

5,000 00 6,250 00 

23,000 00 27,900 00 

5,000 00 5,950 00 

15,000 00 16,050 00 

5,000 00 5,750 00 

6,000 00 6,000 00 

1,000 00 500 00 

5,000 00 6,150 00 

10,000 00 18,100 00 

15,000 00 24,000 00 



1885.] MARINE INSURANCE COMPANIES. 77 



60 shares Webster National Bank, . 
15 " Hamilton National Bank, . 
10 " Everett National Bank, 
China Mutual Insurance Company Scrip, 



Summary of Assets, Dec. 31, 1885. 

Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, .... 

Interest due and accrued, .... 

Notes taken for marine and inland risks, . 

Subscription notes on time not exceeding 

twelve months not yet due, 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, 
Unearned premiums on outstanding risks, . 
Interest due or accrued on scrip, 

Gross liabilities, except guaranty fund 
and scrip, 

Surplus as regards policy-holders, 

Guaranty fund, 

Scrip outstanding not ordered to be red'm'd, 

Surplus over guaranty fund and scrip, . 

Income. 

Cash received for marine and inland prems., $110,502 28 
Deduct reinsurance and return premiums, 9,413 73 

Net cash rec'd for marine and inland prems., $101,088 55 

Interest and dividends received from all sources, . . 7,913 57 



Par value. 

$6,000 00 

1,500 00 

1,000 00 

170 00 


Market value. 

$6,360 00 

1,950 00 

1,000 00 

170 00 


$135,170 00 


$174,785 00 


31, 1885. 




$174,785 00 
1,044 45 

14,128 53 
1,091 66 

65,644 72 




63,600 00 


$320,294 36 




$4,400 00 

3,000 00 

*48,097 15 

99 93 






55,597 08 
$264,697 28 

219,872 00 


$63,600 00 
156,272 00 




>, . 


$14,825 28 



Gross cash income, $109,002 12 

Expenditures. 
Cash paid for marine and inland losses, 



Deduct salvage and re-insurance, 

Net cash paid for marine and inland losses 

Cash paid for commissions and brokerage, 



salaries of officers and employees, . . . 10,700 00 



State and local taxes, 
rent and incidentals, 

Gross cash expenditures, 



$73,330 09 
2,051 88 



$71,278 21 
5,466 26 



1,002 82 
5,664 34 

$94,111 63 



$46,230.85 at 60 per cent., and $1,866.30 at 100 per cent. 



78 



MASSACHUSETTS MUTUAL [Dec. 31, 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 



Total, ...... 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$1,404,561 00 

3,404,183 00 

$4,808,744 00 

3,585,933 00 

1,222,811 00 

15,000 00 



Premiums. 

$89,330 12 
104,655 18 

$193,985 30 
114,022 58 

79,962 72 
1,045 00 



$1,207,811 00 $78,917 72 



Miscellaneous. 

Premiums received from organization of company, . .$2,529,054 21 

Losses paid from organization of company, . . . 1,637,964 58 

Marine and inland losses incurred during the year, . . 68,172 75 



1885.] MARINE INSURANCE COMPANIES. 79 



AGGEEGATB. 



Whole amount of guaranty fund, .... 
in subscription notes, 
of outstanding scrip not cancelled, 



Gross present assets, 



Assets. 



Liabilities. 
Gross present liabilities, 

Income. 
Cash received during the year for marine premiums, 
for interest and dividends, . 

Gross cash income, 

Expenditures. 
Cash paid during the year for marine losses, 

for brokerage and commissions on premiums, 

for salaries of officers and employees, 

for State and local taxes, .... 

for redemption of scrip, . 

for interest paid scrip holders during year, 

for incidental expenses, . 

4 Gross cash expenditures, 



General Items. 
Marine risks written during the year, 
Premiums charged or receivable thereon, 
Marine risks terminated during the year, 
Marine risks outstanding at end of year, 
Marine losses incurred during the year, 
Scrip dividends declared during the year, 



$63,600 

63,600 

834,177 



$1,291,681 



$211,696 



$341,828 
36,725 



$378,553 



$310,104 
18,371 
29,500 
4,407 
85,405 
42,317 
15,412 



$505,516 



$21,446,471 

420,070 

20,731,939 

8,470,012 

322,999 

57,420 



MASSACHUSETTS 

JOINT- STOCK FIRE, MARINE, AND FIRE -MARINE 

INSURANCE COMPANIES. 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1885. 



82 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated June 12, 1818. Commenced business June, 181-5.] 
Paid-up Capital, $300,000. 
Fkancis Peabody, President. J. W. FIELD, G 

Office, No. 46 Street. 



Detailed Statement ok Stocks, 

444 shares Old Boston National Bank, 
200 

45 
170 
142 

62 
100 
152 
280 
447 

13 ' 
200 
8 ■ 



" Columbian National Bank. 
' Eagle National Bank, 
" Globe National Bank, 
•' Hamilton National Bank, . 

New England National Bank, 
' Suffolk National Bank, 
' State National Bank, . 
• Union National Bank, 
' Boston and Albany Railroad, 
' Boston and Lowell Railroad, 
' Old Colony Railroad, . 

Merrimack Manufacturing Co., 

Boston and Albany Railroad bonds, . 

Chic, Burl, and Quincy Railroad bonds, 

Eastern Railroad bonds, 

Chicago, Mil. and St, Paul R. R. bonds, 



Securities held as collateral for cash loans 



Kansas City, St. Jo. and C. B. R. R. bonds, 

Oregon Short Line Railroad bonds, . 

Oregon Navigation bonds, . 

St. Louis, Iron Mt. and South'n R.R. bonds, 

South Carolina State bonds, 

100 shares American Loan and Trust Co., 



Bonds, etc. 

Par value. 

200 00 
20,000 00 

4,500 00 
17,000 00 
14,200 00 

6,200 00 
10,000 00 
15,200 00 
28,000 00 
44,700 00 

6,500 00 
20,000 00 

8,000 00 
35,000 00 
50,000 00 
20,000 00 
25,000 00 



Market value. 

$27,084 00 
26,300 00 

4,927 50 
16,87 
18,460 00 

9,052 00 
11,700 00 
18,848 00 
40,040 00 
80,460 00 

7,930 00 
32,000 00 
10,680 00 
42,000 00 
49,125 00 
24,300 00 
28,500 00 



$346,500 00 $448,279 00 



Market value. 

$6,100 00 

21,120 00 ^ 

6,120 00 j 

5,460 00 } 

5,350 00 j 

10,100 00 j 



Loaned thereon. 

$3,306 25 



40,000 00 



$54,250 00 $43,306 25 



1885.] AND FIRE-MARINE INSURANCE COS. 83 



Summary of Assets Dec. 31, 1885. 



Loans on mort'ge of real estate (first liens *), 

Interest accrued thereon, 

Stocks, bonds, etc., as per schedule, . 

Loans on collateral security, as per schedule 

Cash in the office of the company, 

Cash deposited in bank, 

Interest due and accrued, . 

Premiums in course of collection (gross) , 

Notes taken from marine and inland risks, 

Claims on losses paid, .... 

Bank tax due, 

Premiums more than 3 mos. due, $1,135 17 
Gross assets, 



$15,000 00 

146 25 

448,279 00 

43,306 25 

994 89 

42,695 28 

3,732 16 

19,493 27 

37,475 14 

8,661 05 

2,500 00 



$622,283 29 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$2,455 65 
9,016 14 
1,962 70 

$13,434 49 

f 114,060 75 

160 00 

659 06 

3,222 48 



131,536 78 



$490,746 51 
300,000 00 



Surplus over capital, 



$190,746 51 



Income. 
Cash received for fire premiums, 
Deduct re-insurance and return premiums, 
Net cash received for fire premiums. . 
Cash received for marine and inl'd prem's, 
Deduct reinsurance and return premiums, 

Net cash rec'd for marine and inl'd prem's, 

Interest received on mortgages, . . . . 
Interest and dividends received from all other sources, 

Gross cash income, 



$129,317 99 
15,431 29 

$71,328 79 
6,396 99 



$113,886 70 



64,931 80 

675 00 

23,104 64 



$202,598 14 



* Value of lands mortgaged, $15,000 00 

Value of buildings thereon/ 45,000 00 

Amount of insurance held as collateral, . . 20,000 00 
t Of the marine premiums, $20,394.89 is taken at 60 per cent., and $19,590.64 at 100 per cent 



84 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Expenditures. 
Cash paid for fire losses, 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 
Cash paid for marine and inland losses, 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for interest, ...... 

for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 



$60,293 04 
1,395 55 

$64,703 01 
7,106 47 



$58,897 49 



57,596 54 
15,660 00 
29,595 56 
14,095 00 

8,189 29 

1,206 62 

12,177 15 



$197,417 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount re-insured, . 

Net amount in force, 

Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



Premiums. 

$13,542,212 00 $132,653 62 
14,226,741 00 136,47> 



$27,768,953 00 $269,131 94 
12,735,089 00 113,744 88 



$15,033,864 00 $155,387 06 
682,959 00 7,236 62 



$14,350,905 00 $148,150 44 



^2,854,743 00 
2,554,945 00 



$52,019 23 
49,47 _ -7 



>5,409,688 00 $101,492 10 
2,641,281 00 47,909 97 



768,407 00 $53,582 13 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, 



$8,965,000 00 
6,307,000 00 
2,670,000 00 
15,000 00 
63,677 00 
43,967 00 
13,100 00 



1885.] AND FIRE-MARINE INSURANCE COS. 85 



BOSTON MARINE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874.] 

Paid-up Capital, $ 1,000,000. 

Ransom B. Fuller, President. Thomas H. Lord, Secretary. 

Office, 17 State Street. 



Detailed Statement of Stocks, Bonds, etc 



United States bonds, 
Boston city bonds, 
Bangor city bonds, 
Boston and Albany Railroad bonds, 
Oregon Short Line Railroad bonds, 
Chicago, Burlington and Quincy R.R. bonds, 
Atch., Topeka and Santa Fe Railroad stock, 
Chicago, Burl, and Quincy Railroad stock, . 

Iron Railroad stock, 

Union Pacific Railroad stock, 

Hoosac Tunnel Dock and Elevator Co. stock, 

Portsmouth, Gt. F. and Conway R. R. stock, 

Eliot National Bank stock, . 

Merchandise National Bank stock, 

State National Bank stock, . 

New England National Bank stock, 

Republic National Bank stock, . 

First National Bank stock, . 

Revere National Bank stock, 

Beverly National Bank stock. 

Naumkeag National Bank stock, 

Atlantic National Bank stock, 

Globe National Bank stock, 

Hamilton National Bank stock, . 

Atlas National Bank stock, . 

Old Boston National Bank stock, 

Exchange National Bank stock, . 

Hide and Leather National Bank stock, 

Suffolk National Bank stock, 

Howard National Bank stock, 

Eagle National Bank stock, 

Lincoln National Bank stock, 

Merchants' (Salem) National Bank stock, 

Mercantile (Salem) National Bank stock, 

North National Bank stock, 

Grand (Marblehead) National Bank stock 

Railroad (Lowell) National Bank stock, 

First (Salem) National Bank stock, . 

Merchants' National Bank stock, 



Par value. 

$200,000 00 

100,000 00 

10,000 00 

20,000 00 

10,000 00 

7,000 00 

100,000 00 

62,700 00 

29,700 00 

15,000 00 

5,500 00 

100 00 

25,000 00 

25,000 00 

20,000 00 

15,000 00 

15,000 00 

10,000 00 

15,000 00 

12,600 00 

10,000 00 

10,000 00 

13,400 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

9,400 00 

10,000 00 

7,500 00 

5,000 00 

5,000 00 

4,200 00 

1,700 00 

1,500 00 

500 00 

200 00 



Market value. 

$236,625 00 

116,218 75 

11,325 00 

23,850 00 

9,600 00 

6,842 50 

88,000 00 

85,742 25 

22,275 00 

8,306 25 

5,500 00 

50 00 

31,000 00 

25,500 00 

24,750 00 

21,900 00 

20,850 00 

20,725 00 

18,862 50 

16,411 50 

14,275 00 

13,900 00 

13,266 00 

12,925 00 

12,600 00 

12,000 00 

12,000 00 

11,825 00 

11,700 00 

11,068 50 

10,800 00 

7,950 00 

6,800 00 

6,025 00 

5,712 00 

2,125 00 

1,950 00 

650 00 

292 00 



$836,000 00 $962,197 25 



86 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Securities held as collateral for cash loans : — 



Rockland city bonds, .... 
600 shares Cobb Lime Company, 
United States bonds, .... 
270 shares Detroit, Hillsdale and S. W. R.R 

10 " American Fire Hose M'g Co., 
170 " Iron Railroad, . ... 

25 " Charles River Railroad, 
Old Colony Railroad bonds, 
100 shares China Manufacturing Company 
100 " Pembroke Mills, . 

50 " American Fire Hose Company, 
Mexican Central Railroad bonds, 

59 shares Atl'tic & Gulf Stream Nav. Co. 
Mexican Central Railroad scrip, . 
Mexican Central Railroad bonds, 
Mexican Central Railroad scrip, . 



Market value. 

875,000 00 
30,000 00 
24,800 00 
16,200. 00 
1,250 00 
12,750 00 
1,687 50 
12,3: 

10,000 00 

10,000 00 

6,250 00 

2,300 00 

2,950 00 

425 25. 

920 00 

189 00 



Loaned thereon . 

175,000 00 
25,000 00 
18,500 00 

14,050 00 

14,000 00 
9,000 00 

' 5,000 00 
5,000 00 

3,650 00 
1,109 00 



$207,046 75 $170,309 00 



Summary of Assets Dec. 31, 1885. 

Loans on mortgage of real estate (first liens*), $141,000 00 

Stocks, bonds, etc., as per schedule, . . 962,197 25 

Loans on collateral security, as per schedule, 170,309 00 

Cash deposited in bank, .... 409,482 42 

Interest due and accrued, .... 3,760 68 

Premiums in course of collection (gross), . 98,017 50 

Notes taken for marine and inland risks, . 488,674 46 

Gross assets, $2,273,44131 

Liabilities. 

Losses adjusted unpaid, .... $6,501 23 

claimed and reported, . • . 243,024 13 

Unearned premiums on outstanding risks, . f336,704 82 

Gross liabilities, except capital, . . 586,23' 

Surplus as regards policy-holders, . . . $1,687,211 13 
Paid-up capital, 1,000,000 00 

Surplus over capital, $687,211 13 

Income. 

Cash received for marine and inl'd prem's, $1,226,650 89 
Deduct reinsurance and return premiums, 179,121 69 

Net cash rece'd for marine and inl'd prem's, $1,047,529 20 

Interest and dividends received from all sources, . . 75,081 59 

Gross cash income, $1,122,610 79 

* Total value of property mortgaged, . . . $229,500 00 
Amount of insurance held as collateral, . . 123,000 00 

+ $309,221.17 is taken at 60 per cent., and $27,483.65 at 100 per cent. 



1885.] AND FIRE-MARINE INSURANCE COS. 87 



Expenditures. 

Cash paid for marine and inland losses, . $751,057 28 
Deduct salvage and reinsurance, . . 103,207 10 

Net cash paid for marine and inland losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, 

Gross cash expenditures, .... 
Risks and Premiums. 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$11,789,154 00 

63,843,237 00 

$75,632,391 00 

64,806,807 00 

$10,825,584 00 

470,512 00 



$647,850 18 
100,000 00 
26,793 92 
39,659 21 
26,145 11 
81,441 32 

$921,889 74 



Premiums. 



>3,189 57 
1,102,032 39 

U,755,221 96 
1,193,204 62 

|562,017 34 
19,165 08 



$10,355,072 00 $542,852 26 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



$12,386,485 16 
8,111,921 59 
730,000 00 
100,000 00 
762,964 27 
208,700 00 



BOYLSTON MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 26, 1872. Commenced business Jan. 8, 1873.] 

Paid-up Capital, $557,200. 

.Joseph W. Balch, President. Washington Glovek, Secretary. 

Office, No. 30 Kilby Street. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

$25,000 00 $36,250 00 

State National Bank, . . . 20,000 00 24,800 00 

Merchandise National Bank, . 10,000 00 10,200 00 

Republic National Bank, . . 30,000 00 39,000 00 

Washington National Bank, . 30,000 00 40,200 00 

Columbian National Bank, . 30,000 00 39,300 00 

Tremont National Bank, . . 20,000 00 22,200 00 



250 shares Merchants 1 Nat'l Bank, 

200 ' 

100 ' 

300 ' 

300 ' 

300 ' 

200 4 



88 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



17 shares New England National Bank. . 

67 " Revere National Bank, 

55 " Boston and Albany Railroad, 

300 " Boston and Providence Railroad, 

263 " Fitchburg Railroad, . 

United States bonds, 

Boston and Providence Railroad bonds, 

Old Colony Railroad bonds, 

Cedar Rapids and Mo. Riv. Railroad bonds, 

New England Mortgage Security Co. bonds, 



Par value. 

$1,700 00 
6,700 00 
5,500 00 

30,000 00 
26,300 00 
51,000 00 
100,000 00 
25,000 00 
30,000 00 
10,000 00 



Market value. 

182 00 
8,442 00 

9,900 00 
55,500 00 

31,560 00 
57,120 00 
123,0' 
27,500 00 
35,705 00 
10,000 00 



8451,200 00 $573,159 00 



Securities held as collateral for cash loans : — 

Market value. 

5 shares Boston and Prov. Railroad bonds, $925 00 

100 " Shove Mills, .... 7,500 00 

74 " Davol Mills, .... 3,700 00 

150 " Lake Superior Iron Company, . 7,500 00" 

105 " Roxbury Mills Corporation, . 10,500 00 

Massachusetts State bonds, . . . . 1,150 00 

Chicago, Burl, and Quincy Railroad bonds, 990 00 

New England Mortgage Security Co. bonds, 1,000 00 

8 shares Revere National Bank, . . . 1,000 00, 

Herdic Company bonds, .... 1,000 00 

Rutland Railroad bonds 8,000 00 ^ 

Atch., Top. and Santa Fe Railroad bonds, . 17,100 00 

Mo., Kansas and Texas Railroad bonds, . 2,700 00 J 

Eastern Railroad bonds, .... 1,210 00 "} 

United States bonds, 1,120 00 ' 

Cairo city bonds, 1,320 00, 

Chicago, Burl, and Quincy Railroad bond*. 1,980 00 J 

Oregon Improvement Company bonds, . 910 00 n 

New England Mortgage Security Co. bonds, 3,000 00 } 

Saginaw and Western Railroad bonds, . 2,080 00 J 

100 shares First National Bank,Concord,N.H., 20,000 00 



Loaned thereon. 

$400 00 
10,000 00 



J> 20,000 00 

1,000 00 
20,000 00 

5,000 00 

5,000 00 
14,000 00 



894,685 00 $75,400 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $14,000 00 

Loans on mortgage of real estate (first liens*), 163,000 00 

Interest due or accrued thereon, . . . 3,178 02 

Stocks, bonds, etc., as per schedule, . . 573,159 00 

Loans on collateral security, as per schedule, 75,400 00 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$184,800 00 
126,000 00 
120,850 00 



1885.] AND FIRE-MARINE INSURANCE COS. 89 



Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Gross assets, 

Liabilities. 

Losses claimed and reported, 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Interest due or accrued on scrip, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, 
Return premiums, .... 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 

Paid-up capital, 

Scrip outstanding, not ordered to be re- 
deemed, 

Surplus over capital, 



$4,246 49 
59,295 86 
1,215 38 
22,728 54 
15,667 83 



$23,783 00 

26,402 00 

: 102,302 22 

594 20 

500 00 

1,200 00 

300 00 



$39,205 00 



Income. 

Cash received for fire premiums, . . $211,830 64 

Deduct reinsurance and return premiums . 32,202 16 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, $106,664 25 
Deduct reinsurance and return premiums, 15,707 48 

Net cash rec'd for marine and in I'd prem\s, 

Interest received on mortgages 

and dividends received from all other sources, 
Income from old accounts, 

Gross cash income, 

Expenditures. 
Cash paid for fire losses, .... $160,252 35 

Deduct salvage and reinsurance, . . 52,066 46 

Net cash paid for fire losses, . . . 

Cash paid for marine and inland losses, . 8100,445 86 

Deduct salvage and reinsurance, . . 35,776 27 

Net cash paid for marine and inland losses, 

Cash dividends paid, 

Interest paid scrip-holders, . .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rent and incidentals, 

Gross cash expenditures, .... 



$931,891 12 



215,081 42 



$716,809 70 
557,200 00 



159,609 70 



79,628 48 



,956 77 

8,929 25 

32,769 36 

6 40 

$312,290 26 



$108,185 89 



64,669 59 
33,432 00 

1,017 55 
36,259 34 
27,500 00 

2,692 14 
24,356 75 

$298,113 26 



Marine premiums taken at 100 per cent. 



90 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 

Total 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 

Marine risks outstanding Dec. 31, 1884, 

written during 1885, 

Total. . 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



$3o,->70,195 00 
20,829,798 00 



8ol,099,993 00 
24,100,469 00 

$26,999,524 00 
1,800,800 ( "> 



Premiums. 

$344,496 81 
208,28.". 

$552,782 66 

254,345 22 

,437 44 

11,749 13 



$25,698,724 00 $286,688 31 



11,288,474 00 

11,011,962 00 

$12,300,436 00 
11,753,812 00 

;<;,624 00 
144,553 00 



126,928 71 
$97,418 39 

•< 124,347 10 
101,193 72 

*20,153 38 
2,355 21 



|402,071 00 $17,798 17 



.Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the vear. . 
Company's stock owned by directors, .... 



84.734,680 19 

2,882 04 

697,932 00 

33,4:52 00 

115,43--. 

59,874 59 

27,800 00 



DWKLLIXG-HOUSE INSURANCE COMPANY, BOSTON. 

[Incorporated Doc. 30, 1872. Commenced business Jan. 9, 1 ^~ 
Paid-up Capital, $300,000. 
Charles K. Nichols, President. Henry F. Pkrkixs, Secretary. 

Office, Xo. 40 Water Street. 



Detailed Statement of Stocks, Bonds, etc 



100 shares Second National Bank, 

100 " Merchants 1 National Bank, 

100 " Republic National Bank, 

100 " State National Bank, . 

1<)() « Suffolk National Bank, 

100 " Atlas National Bank, . 

100 " Howard National Bank. . 



Par value. 

tt 0,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 



Market value. 

$15,900 00 
14,500 00 
13,900 00 
12,400 00 
11,700 00 
12,600 00 
11.775 00 



1885.] AND FIRE MARINE INSURANCE COS. 91 



69 shares Hide and Leather Nat'l Bank, 
50 " New England National Bank, 
50 " City National Bank, . 
50 " Redemption National Bank, 
44 " Union National Bank, 
30 " Eagle National Bank, 
7 " Treraont National Bank, . 

100 " Vermont and Mass. Railroad, 

Eastern Railroad bonds, 

Boston and Maine Railroad bonds, 

Boston and Lowell Railroad bonds, . 

Boston and Providence Railroad bonds, 

Fitchburg Railroad bonds, . 

Old Colony Railroad bonds, . . . 

United States bonds, .... 



Par value. 

$6,900 00 

5,000 00 

5,000 00 

5,000 00 

4,400 00 

3,000 00 

700 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

10,000 00 

8,000 00 

20,000 00 

10,000 00 



Market value. 

$8,228 25 

7,300 00 

5,512 50 

6,200 00 

6,292 00 

3,285 00 

782 99 

13,363 00 

6,125 00 

12,400 00 

12,250 00 

12,400 00 

10,680 00 

24,600 00 

12,350 00 



$183,000 00 $234,543 74 



Securities held as collateral for cash loans : — 



Real estate loan, 



Market value. Loaned thereon . 

$4,500 00 $3,500 00 



Summary of Assets Dec. 31, 1885. 



Loans on mort'ge of real estate (first liens*), 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the office of the company, 
Cash deposited in bank, 
Interest due and accrued, . 
Premiums in course of Collection (net) , 
Notes taken for fire risks, . 

Gross assets, ..... 



$120,150 00 

1,561 96 

234,543 74 

3,500 00 

3,838 90 

69,231 35 

1,923 46 

34,359 14 

3,627 40 



$472,735 95 



Liabilities. 
Losses claimed and reported, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, . 



$2,743 80 

162,685 74 

224 44 



165,653 98 



$307,081 97 
300,000 00 



$7,081 9; 



* Value of lands mortgaged, $141,700 00 

Value of buildings thereon, .... 101,40000 

Amount of insurance held as collateral, . . 96,850 00 



92 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Income. 
Cash received for fire premiums, . . $180,864 02 
Deduct reinsurance and return premiums, 30,179 20 

Net cash received for fire premiums, . . 

Interest received on niortp-asres, ...... 

Interest and dividends received from all other sources, 

Gross cash income, 

Expenditures. 

Cash paid for fire losses, 

dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rent and incidentals, 

Gross cash expenditures, .... 
Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$26,012,601 00 
19,690,714 00 



§45,703,315 00 
7,191,344 00 



$38,511,971 00 
24,500 00 



$150,684 82 

6,862 50 

10,971 48 



$168,518 80 

$59,108 56 

20398 00 

41,154 

11,432 44 

5,359 87 

17,853 93 



$155,802 65 

Premium-. 

200,767 



$4 10,646 08 
85,128 42 



$325,517 66 
146 17 



$38,487,471 00 $325,371 49 



Miscellaneous. 
Premiums received from organization of company. . 
Losses paid from organization of company. 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 

Fire losses incurred the year, 

Company's stock owned by directors, 



$725,2^3 23 

155,377 59 

243.000 00 

LS.000 00 

58,602 36 

43,400 00 



ELIOT INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 31, 1872. Commenced business Jan. 4, 1873.] 

Paid-up Capital, 8200,000. 

Greenleaf C. George, President. Axonzo P. Cuktis, Secretary. 

Office Xo. 12 Kilby Street. 

Detailed Statement of Stocks. Bonds, etc. 

Par value. Market value. 

Worcester and Nashua R. R. bonds, . . 815,000(10 $16,05" 

Fitchlmrg Railroad bonds 25.000 00 -,000 00 

Northampton town bonds 20,000 00 22,800 00 



1885.] AND FIRE MARINE INSURANCE COS. 



93 



Boston city bonds, 
United States bonds, . 
Massachusetts State bonds, . 
147 shares Fitchburg Railroad, 



25 

50 
50 
50 
37 



Norwich and Worcester R R., 
Old Colony Railroad, 
Vermont and Mass. Railroad, 
Shawmut Nat'l Bank, Boston, 
Revere National Bank, 



Par value. 

$25,000 00 

95,000 00 

15,000 00 

14,700 00 

2,500 00 

5,000 00 

5,000 00 

5,000 00 

3,700 00 



Market value. 

$30,400 00 

106,993 75 

10,200 00 

17,640 00 

4,175 00 

8,000 00 

6,681 25 

6,100 00 

4,662 00 



$230,900 00 $267,702 00 



Summary of Assets Dec. 31, 1885. 



Loans on mortgage of real estate (first liens*) , 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), . 

Notes taken for fire risks, .... 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, 
Unearned premiums on outstanding risks, . 
Dividends to stockholders unpaid, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$58,200 00 

955 34 

267,702 00 

4,789 32 

50,901 45 

2,928 25 

20,101 95 

110 72 



$3,664 00 

10,494 00 

92,273 00 

210 00 

625 00 

3,500 00 



$405,689 03 



Surplus over capital, 



110,766 00 

$294,923 03 
200,000 00 

$94,923 03 



Income. 

Cash received for fire premiums, . . $176,125 68 

Deduct reinsurance and return premiums, . 21,622 50 

Net cash received for fire premiums, . . $154,503 18 

Interest received on mortgages, 2,099 75 

and dividends received from all other sources, . 13,027 66 

Income from sale of stocks, etc., 986 48 

Gross cash income, $170,617 07 



Value of lands mortgaged, $52,400 00 

Value of buildings thereon, .... 46,300 00 
Amount of insurance held as collateral, . . 62,500 Ou 



94 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Expenditures. 
Cash paid for fire losses, .... $64,693 50 
Deduct salvage and reinsurance, . 2,015 69 

Net cash paid for fire losses, 
( 'ash dividends paid, . 

paid for commissions and brokerage, 
for salaries of officers and employ 
for State and local taxes, 
for rent and incidentals, 

Gross cash expenditures, 



$62,677 81 

19,840 00 

30,716 l-i 

9,478 76 

4,429 11 

7,818 61 

> 134,956 01 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

$12,120,999 00 $162,215 78 
13,851,882 00 177,120 14 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$25,972,881 00 $339,335 92 
11,857,816 00 147,156 16 



$14,115,065 00 $192,179 76 
674,006 00 8,623 79 



$13,441,059 00 $183,555 97 



. Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incured during the year, .... 
Company's stock owned by directors, 



1 1,5 17,508 04 

706,272 67 

230,000 00 

20,000 00 

64,030 81 
15,000 00 



EQUITABLE MARINE INSURANCE COMPANY, PROVINCE- 
TOWN. 

[Incorporated 1845. Commenced business 1846.] 

Paid-up Capital, $50,000. 

Joshua Paine, President. Lewis Nickerson, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



80 shares Freeman's National Bank, 
15 " Revere National Bank, 
13 " Traders' National Bank, 
15 " State National Bank, . 
45 " Republic National Bank, 



Par value. 

£8,000 00 
1,500 00 
1,300 00 
1,500 00 
4,500 00 



Market value. 

$8,400 00 
1,884 00 
1,209 00 
1,854 00 
6,255 00 



1885.] AND FIRE MARINE INSURANCE COS. 95 



16 shares Hide and Leather National Bank, 
65 " First National Bank, Pro vincetown, 
18 " Boston and Albany Railroad, 
20 " Union Pacific Railroad, 
Brookline town bonds, 
Melrose town bonds, . 
Arlington town bonds, . 
Bangor city bonds, 
Old Colony Railroad bonds* 
New York and New England R. R. bonds, . 
Atch., Top. and Santa Fe R. R. bonds, 
Chicago and Northwestern Railroad bonds, 
Fitchburg Railroad bonds, .... 
Boston, Revere Beach and Lynn R. R. bonds, 
New England Mortgage Security Co. bonds, 
Provincetown town note, .... 



Par value. 

1 1,600 00 
6,500 00' 
1,800 00 
2,000 00 
3,000 00 
3,000 00 
2,000 00 
2,000 00 
5,000 00 
2,000 00 
2,000 00 
2,000 00 
5,000 00 
4,000 00 
1,000 00 
2,000 00 



Market value- 

$1,906 00 
10,075 00 
3,240 00 
1,100 00 
3,660 00 
3,810 00 
2,360 00 
2,400 00 
6,225 00 
2,490 00 
1,900 00 
2,000 00 
5,600 00 
4,800 00 
1,000 00 
2,000 00 



$61,700 00 $74,168 00 



Summary of Assets Dec. 31, 1885. 

Stocks, bonds, etc., as per schedule, . . $74,168 00 

Cash in the office of the company, . . 1,600 35 

deposited in bank, .... 8,292 25 

Premiums in course of collection (gross), . 8,343 14 

Notes taken for marine and inland risks, . 27,181 79 
Personal loans, .... $1,000 

Gross assets, 



$119,585 53 



Liabilities. 

Losses claimed and reported, 

Unearned premiums on outstanding risks, 

Dividends to stockholders, .... 

State and local taxes, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, 



$7,000 00 

*26,261 79 

5,000 00 

100 00 



38,361 79 



,223 74 
50,000 00 

$31,223 74 



Income. 

Cash received for marine and inl'd prem's, . $37,023 85 
Deduct reinsurance and return premiums, . 2,354 22 

Net cash rec'd for marine and inl'd prem's, 

Interest and dividends received from all sources, 

Gross cash income, 



$34,669 63 
3,450 28 

$38,119 91 



* Taken at 100 per cent. 



96 



MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Expenditures. 
Cash paid for marine and inland losses, 

dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, .... 



SI ■>;><)> 7* 

5,000 00 

>8 75 

13s; 

39G 31 
121,968 91 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired ahd terminated, 

In force at end of year, . . • . 
Deduct amount reinsured, . 

Net amount in force, . 



$284,560 00 
869,149 00 



$1,153,709 00 

728,550 00 

25,159 00 

13,500 00 



Premiums. 

$19,313 37 
41,819 59 



$61,132 96 

33,951 17 

181 79 

920 00 



8411.659 00 $26,261 79 



Miscellaneous. 

Premiums received from reorganization of company, $141,390 71 

Losses paid from reorganization of company, . . . 65,825 10 

Cash dividends declared from reorganization of company, 28,000 00 

Dividends declared during the year (10 per cent.), . . 5,000 00 

Marine and inland losses incurred during the year, . . 19,202 78 

Company's stock owned by directors, 8,000 00 



FIREMEN'S FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 21, 1872. Commenced business Dec. 31, 187-.] 

Paid-up Capital, $300,000. 

Thomas W. Tucker, President. Henry C. Short, Secretary. 

Office, No. 63 State Street. 



Detailed Statement of Stocks, Bonds, etc. 



Boston city bonds, 
Charlestown city bonds, 
Lowell city bonds, 
Chelsea city bonds, 
Fall River city bonds, . 
■Cambridge city bonds, . 



Par value. 

$20,000 00 
63,000 00 
15,000 00 

4,000 00 
30,000 00 

8,000 00 



Market value. 

$23,900 00 
69,155 00 
16,781 25 

4,480 00 
37,950 00 

8,285 00 






1885.] AND FIRE-MARINE INSURANCE COS. 97 



Lawrence city bonds, .... 
Providence city bonds, 
Eastern Railroad bonds, 
Worcester and Nashua Railroad bonds, 
Burlington and Mo. River Railroad bonds, 
Ks. City, St. Jo. and Coun. Bluff R.R. bonds 
Boston and Lowell Railroad bonds, 
200 shares City National Bank, . 
200 " Hamilton National Bank, 
200 " Eagle National Bank, 
54 " Webster National Bank, 
Manchester Mills note, 
Hamilton Manuf 'g Company note, 
Arlington Mills note, . 
National Tube Works Company note, 
Indian Orchard Mills note, . 
Geo. H. Gilbert Manuf 'g Company note, 



Par value. 

$18,000 00 
8,500 00 
22,500 00 
10,000 00 
25,000 00 
20,000 00 
1,000 00 
20,000 00 
20,000 00 
20,000 00 
5,400 00 
25,000 00 
25,000 00 
50,000 00 
30,000 00 
25,000 00 
25,000 00 



Market value. 

$20,340 00 

8,521 25 

27,337 50 

10,700 00 

23,375 00 

24,600 00 

1,080 00 

22,050 00 

26,000 00 

21,900 00 

5,710 50 

25,000 00 

25,000 00 

50,000 00 

30,000 00 

25,000 00 

25,000 00 



$490,400 00 $532,165 50 



Securities held as collateral for cash loans 

Old Colony Railroad bonds, . 
Central Iowa Railroad bonds, 
10 shares Market National Bank, 
10 " Randolph National Bank, 
Chicago city bonds, 
Jackson, Lan'g and Saginaw R. R. bonds, 
296 shares Atlantic Cotton Mills, 
130 " National Tube Works Company 
8 " DwightManuPg Company, 



Market value. 

$1,216 25 

1,100 00 

927 50 

1,750 00 

3,840 00 

5,875 00 

30,784 00 

13,650 00 

4,580 00 



Loaned thereon. 
$1,000 00 

500 00 

700 00 

3,000 00 

4,000 00 

24,000 00 

10,000 00 

3,600 00 



$63,722 75 $46,800 00 



Summary of Assets Dec. 31, 1885. 

Loans on mortgage of real estate (first liens*) , $228,700 00 

Interest due or accrued thereon, . . . 2,593 84 

Stocks, bonds, etc., as per schedule, . . 532,165 50 

Loans on collateral security, as per schedule, 46,800 00 

Cash in office of the company, . . . 672 90 

deposited in bank, .... 34,254 59 

Interest due and accrued, .... 4,130 43 

Premiums in course of collection (gross), . 9,738 55 
Premiums more than 3 months due, $116 56 

Gross assets, 



$859,055 81 



* Value of lands mortgaged, .... $182,600 00 
"Value of buildings thereon, .... 219,100 00 
Amount of insurance held as collateral, . . 240,100 00 



98 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Liabilities. 
Losses adjusted, unpaid, 

claimed and reported 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, . 

Net amount of unpaid losses 

Unearned premiums on outstanding risks, 

Dividends to stockholders unpaid, 

Due and accrued for rent, etc., 

State and local taxes, . 

Commissions and brokerage, 

Gross liabilities, except capital, 

Surplus as regards policy-holders, 
Paid-up capital, 



$5,999 81 
1,924 50 
4,434 00 

$12,358 31 
658 89 

$11,699 42 

110,683 22 

105 00 

1,050 00 

500 00 

900 00 



Surplus over capital, 

Income. 

Cash received for fire premiums, . . $139,750 22 
Deduct reinsurance and return premiums, . 12,514 30 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 

Gross cash income, 



$124,937 64 

$734,118 17 
300,000 00 

$434,118 17 



$127,235 92 

9,659 18 

26,029 66 

$162,924 76 



Expenditures, 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, - 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, . . . . 
Risks and Premiums. 



$38,758 10 
382 38 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

Tn force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$19,414,914 00 
13,005,278 00 

$32,420,192 00 
13,159,227 00 

$19,260,965 00 
648,279 00 



$38,375 72 

29,955 00 

17,807 82 

13,600 00 

4,467 02 

8,026 41 

$112,231 97 



Premiums. 

$218,198 46 
137,956 69 

$356,155 15 
138,848 96 

$217,306 19 
8,599 31 



$18,612,686 00 $208,706 88 



1885.] AND FIRE-MARINE INSURANCE COS. 99 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



11,785,900 78 

822,621 34 

345,000 00 

30,000 00 

44,469 24 

16,800 00 



FIRST NATIONAL FIRE INSURANCE COMPANY, WORCESTER. 

[Incorporated April, 1868. Commenced business Jan. 1, 1869.] 

Paid-up Capital, $200,000. 

Charles B. Pratt, President. George A. Park, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. 

Worcester city bonds, $3,500 00 

Boston, Barre and Gardner Railroad bonds, 20,500 00 

Nashua and Rochester Railroad bonds, . 11,000 00 

Worcester and Nashua Railroad bonds, . 500 00 

First National Bank, Worcester, . . . 12,0C0 00 

Worcester National Bank, .... 3,000 00 



Market value. 

$4,015 00 
24,190 00 
11,660 00 
530 00 
19,800 00 
4,200 00 



$50,500 00 $64,395 00 



Securities held as collateral for cash loans : — 
Assignment of savings bank book, 



Market value. Loaned thereon 

$505 00 $400 00 



Summary of Assets Dec. 31, 1885. 



Cash value of unencumbered real estate, . 
Loans on mort'ge of real estate (first liens*), 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 

deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), . 

Due from other companies, .... 

Gross assets, ... . . 



Liabilities. 



Losses adjusted, unpaid 

claimed and reported, 
disputed or resisted, 



$2,500 00 

158,218 50 

2,875 74 

64,395 00 

400 00 

5,347 52 

27,523 84 

589 28 

14,347 22 

1,158 00 



$5,270 37 
1,450 00 
1,250 00 



$277,355 10 



* Total value of property mortgaged, . . $280,600 00 
Amount of insurance held as collateral, . . 64,800 00 



100 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31 



Unearned premiums on outstanding risks, . 
Commissions and brokerage, 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$50,748 96 
2,152 08 



Surplus over capital, 

Income. 
Cash received for fire premiums, . . $86,381 13 
Deduct reinsurance and return premiums, . 8,775 48 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, 
Income from all other sources, 

Gross cash income, 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 
Cash paid for commissions and brokerage, 



$47,077 84 
8 58 



for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$60,871 41 

$216,483 69 
200,000 00 

$16,483 69 



$77,605 65 

12,441 80 

700 00 

$90,747 45 



Gross cash expenditures, 



$47,069 26 

14,245 49 

4,166 66 

975 20 

5,944 10 

$ 72,400 71 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



$6,118,377 00 
5,402,634 00 

$11,521,011 00 
5,226,782 00 

$6,294,229 00 
29,532 00 



Premiums. 

$94,518 02 

90,352 26 

$184,870 28 
84,867 47 



f 100,002 81 
347 59 



Net amount in force, 



$6,264,697 00 $99,655 22 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



^,941,213 00 

1,281,192 00 

104,000 00 

43,658 00 

89,200 00 



1885.] AND FIRE-MARINE INSURANCE COS. 101 



MERCANTILE FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Feb. 11, 1823. Commenced business May, 1823.] 

Paid-up Capital, $400,000. 

George R. Rogers, President. B. F. Field, Jr., Secretary. 

Office No. 58 State Street. 



Detailed Statement of Stocks, 

100 shares Atlantic National Bank, 

200 ■ 

200 ' 

214 ■ 

300 ' 

120 ' 

160 « 

200 « 

18 * 

178 * 

535 ' 

200 * 

200 ' 

200 ' 

100 * 



' City National Bank, . 

1 Columbian National Bank, 

' Eagle National Bank, 

* Globe National Bank, 

' Hamilton National Bank, . 

1 New England National Bank, 

1 North National Bank, 

1 Railroad National Bank, . 

1 State National Bank, . 

1 Suffolk National Bank, 

1 Tremont National Bank, . 

1 Union National Bank, 

Boston and Providence Railroad 
Lyman Mills, 

United States bonds, . 

New Bedford Railroad bonds, 

Boston and Albany Railroad bonds, . 

Boston and Maine Railroad bonds, 

Fitchburg Railroad bonds, . 

Boston and Lowell Railroad bonds, . 

Boston city bonds, .... 

Charlestown water bonds, . 



Bonds, etc. 

Par value. 

$10,000 00 
20,000 00 
20,000 00 
21,400 00 
30,000 00 
12,000 00 
16,000 00* 
20,000 00 
1,800 00 
17,800 00 
53,500 00 
20,000 00 
20,000 00 
20,000 00 
10,000 00 
15,000 00 
30,000 00 
30,000 00 
10,000 00 
25,000 00 
25,000 00 
65,000 00 
10,000 00 



Market value. 

$13,900 00 
22,000 00 
26,200 00 
23,226 00 
29,700 00 
15,480 00 
23,360 00 
26,200 00 

2,340 00 
21,894 00 
62,595 00 
22,200 00 
28,600 00 
36,800 00 

6,900 00 
16,800 00 
36,300 00 
35,700 00 
12,300 00 
30,750 00 
30,150 00 
78,000 00. 
11,600 00 



$502,500 00 $612,995 00 



Summary of Assets Dec. 31, 1885. 
Loans on mortgage of real estate (first liens*), $36,500 00 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (net), 
Notes taken for marine and inland risks, 
Gross assets, 



535 00 

612,995 00 

2,341 36 

12,278 65 

5,702 08 

9,056 50 

20,680 63 



$700,089 22 



* Value of lands mortgaged, . 
Value of buildings thereon, . . 
Amount of insurance held as collateral, 



$24,900 00 
33,100 00 
41,000 00 



102 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

Liabilities. 



Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$22,933 98 
♦103,864 50 



Surplus over capital, 



Income. 

Cash received for fire premiums, . . $152,584 05 
Deduct reinsurance and return premiums, . 23,716 52 

Net cash received for fire premiums, . . 

Cash received for marine and inl'd prem's, $74,884 70 
Deduct reinsurance and return premiums, . 28,618 26 

Net cash received for marine and inl'd prem's, 

Interest received on mortgages, 

Interest and dividends received from all other sources, 
Income from profit and loss, 

Gross cash income, 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, - 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, . 



$65,109 28 
439 98 

$43,903 45 
2,138 16 



$126,798 48 



$573,290 74 
400,000 00 

$173,290 74 



$128,867 53 



46,266 44 

1,775 00 

28,551 94 

12 50 

$205,473 41 



$64,669 30 



41,765 29 
36,000 00 
30,263 61 
14,075 00 
9,217 42 
11,108 43 

$207,099 05 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums 

.$16,845,982 00 $169,381 44 
. 14,036,961 00 150,311 60 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



.$30,882,943 00 $319,693 04 
. 12,812,125 00 132,271 40 



.$18,070,818 00 $187,421 64 
691,340 00 9,136 84 



.$17,379,478 00 $178,284 80 



* $5,180.70 taken at 60 per cent., and $9,858.27 at 100 per cent. 



1885.] AND FIRE-MARINE INSURANCE COS. 103 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$1,613,015 00 $18,277 65 

2,461,447 00 64,351 92 

$4,074,462 00 $82,629 57 

2,450,780 00 62,866 80 

$1,623,682 00 $19,762 77 

21,000 00 1,270 00 

$1,602,682 00 $18,492 77 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (9 per cent.), 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, 



$6,090,821 00 
4,579,302 00 
1,930,500 00 
33,000 00 
67,580 00 
36,336 00 
26,800 00 



NEPTUNE FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Dec. 24, 1872. Commenced business Jan. 1, 1873.] 

Paid-up Capital, $300,000. 

George F. Osborne, President. Eugene B. Hinkley, Secretary. 

Office, No. 64 State Street. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

Tremont National Bank stock, . . . $70,000 00 $77,875 00 

Union National Bank stock, . . . 10,000 00 14,300 00 

Globe National Bank stock, . . . 5,000 00 4,950 00 

Massachusetts National Bank stock, . . 10,000 00 10,000 00 

Hamilton National Bank stock, . . . 12,000 00 15,600 00 

Suffolk National Bank stock, . . . 12,000 00 14,040 00 

Revere National Bank stock, . . . 12,000 00 15,120 00 

Everett National Bank stock, . . . 5,000 00 5,000 00 

Shoe and Leather National Bank stock, . 7,500 00 7,650 00 

Hide and Leather National Bank stock, . 5,000 00 5,950 00 

Atlas National Bank stock, .... 10,000 00 12,600 00 

State National Bank stock, .... 10,000 00 12,400 00 

Columbian National Bank stock, . . 4,200 00 5,523 00 

Howard National Bank stock, . . . 7,000 00 8,225 00 

New England National Bank stock, . . 16,000 00 23,440 00 

Faneuil Hall National Bank stock, . . 10,000 00 13,550 00 

Old Boston National Bank stock, . . 10,750 00 13,115 00 



104 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Eliot National Bank stock, . 
Redemption National Bank stock, 
Commonwealth National Bank stock, 
Commerce National Bank stock, 
Boston and Maine Railroad bonds, 
Burlington and Mo. Railroad in Neb. bonds 
Fitchburg Railroad bonds, . 
Union Pacific Railroad bonds, 
Oregon Ry. and Nav. Co. bonds, 
Brookline water bonds, 
Fitchburg city bonds, .... 



Par value. 

J 10,000 00 
10,000 00 
12,000 00 
14,000 00 
6,000 00 
24,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
30,000 00 



Market value. 

$ 12,400 00 
12,400 00 
16,680 00 
16,835 00 
7,380 00 
28,800 00 
12,350 00 
11,350 00 
10,000 00 
13,300 00 
35,025 00 



$362,450 00 $135,858 00 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 

Salvage, 

Premiums more than 3 months due, $523 00 



31, 1885. 

$435,858 00 
8,018 46 

26,740 77 
2,696 67 

22,067 85 
2,048 04 
3,479 47 



Gross assets, $500,909 26 



Liabilities. 

Losses claimed and reported, 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$8,000 00 

400 00 

♦96,387 52 

2,500 00 



107,287 52 

$393,621 74 
300,000 00 



Surplus over capital, $93,621 74 



Income. 

Cash received for fire premiums, . . $175,029 50 

Deduct reinsurance and return premiums, . 15,518 02 

Net cash received for fire premiums, . . 

Cash received for marine and inl'd prem's, $7,673 38 

Deduct reinsurance and return premiums, . 74 70 

Net cash rec'd for marine and inl'd prem's, 

Interest and dividends received from all sources, 



Gross cash income, 



$159,511 48 



7,598 68 
20,119 28 

$187,229 44 



* Marine premiums taken at 100 per cent. 



1885.1 AND FIRE-MARINE INSURANCE COS. 105 



Expenditures. 

Cash paid for fire losses, .... $86,558 80 
Deduct salvage and reinsurance, . . 3,272 06 

Net cash paid for fire losses, . . . 

for marine and inland losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees 

for State and local taxes, . 

for rent and incidentals, 

for profit and loss, 

Gross cash expenditures, 



$83,286 74 

1,064 45 

18,000 00 

27,155 93 

16,516 11 

6,627 74 

6,046 02 

1,144 81 

$159,841 80 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Preminnu. 

$12,592,420 00 $182,933 14 
13,277,929 00 175,423 49 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 



$25,870,349 00 $358,356 63 
12,955,157 00 166,048 16 



$12,915,192 00 $192,308 47 
8,750 00 91 25 



$12,906,442 00 $192,217 22 



$145,100 00 
99,242 00 

$244,342 00 
199,309 00 



51,461 50 
4,027 38 



^8,488 88 
6,677 81 



$45,033 00 $1,811 07 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, 



$2,387,734 00 

1,582,833 00 

333,000 00 

18,000 00 

84,887 00 

2,140 00 

30,100 00 



106 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



NORTH AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated December, 1872. Commenced business Jan. 1, 1873.] 

Paid-up Capital, $200,000. 

Albert Bowker, President. Eugene E. Patridge, Secretary. 

Office No. 70 Slate Street. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $50,000 00 f 6 1,500 00 

Chicago, Mil. and St. Paul Railroad bonds, 5,000 00 6,450 00 

Toledo, Del. and Burlington R. R. bonds, . 5,000 00 900 00 

Chicago, Burl, and Quincy R. R. bonds, . 9,000 00 9,420 00 

Northern Pacific Railroad bonds, . . 5,000 00 5,550 00 

Oregon Short Line Railroad bonds, . . 8,000 00 7,680 00 

Union Pacific Railroad bonds, . . . 6,000 00 5,400 00 

Oregon Railway and Navigation Co. b'ds, . 17,000 00 18,690 00 

Columbian National Bank stock, . . 5,000 00 6,575 00 

Eliot National Bank stock, .... 10,000 00 12,400 00 

Globe National Bank stock, .... 10,000 00 9,925 00 

Merchants' National Bank stock, . . 15,000 00 21,750 00 

National City Bank stock 5,000 00 5,512 50 

National Exchange Bank stock, . . . 1,700 00 2,040 00 

National Hide and Leather Bank stock, . 2,900 00 3,454 62 

Old Boston National Bank stock, . . 14,300 00 17,160 00 

Boston National Bank stock, . . . 13,800 00 16,767 00 

Shoe and Leather National Bank stock, . 5,000 00 5,081 25 

State National Bank stock, .... 10,000 00 12,400 00 

Suffolk National Bank stock, . . . 10,000 00 11,700 00 

Traders' National Bank stock, . . . 6,000 00 5,580 00 



1213,700 00 $245,935 37 



Securities held as collateral for cash loans : — 



Union Pacific Railroad Company bonds, 
New York city bonds, .... 
Eastern Railroad bonds, 
Union Pacific Railroad bonds, 
Pueblo and Ark. Val. Railroad bonds, . 
Kansas C'y, Emporia and So. Railr'd b'ds, 
Sonora Railway Company bonds, 
Jersey City, N. J., Imp. bonds, . 



Market value. 

$1,165 00 
563 13 
1,215 00 
3,405 00 
4,880 00- 
5,950 00 
1,985 00. 
1,090 00 



Loaned thereon. 

$1,000 00 

125 00 

800 00 

3,000 00 

10,000 00 

1,000 00 



$20,253 13 §15,925 00 



Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $12,182 23 
Loans on mortgage of real estate (first liens*), 41,922 48 

* Value of lands mortgaged $29,350 00 

Value of buildings thereon, 65,300 00 

Amqunt of insurance held as collateral, . . 53,100 00 



1885.] AND FIRE-MARINE INSURANCE COS. 107 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 

deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), . 
Due from other companies, .... 
Rents due and accrued, .... 

Bank tax returnable, 

Premiums more than 3 months due, $198 35 
Gross assets, 



$265 55 

245,935 37 

15,925 00 

692 21 

10,971 26 

1,252 85 

9,200 42 

455 65 

96 00 

1,400 87 



$340,299 89 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 

Total amount of losses, . 
Less reinsurance, . 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, 
Reinsurance and return premiums, 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$6,115 91 
3,502 50 

$9,618 41 
2,194 50 

$7,423 91 

68,329 05 

1,047 36 

1,625 03 

748 56 



Surplus over capital, 



79,173 91 

$261,125 98 
200,000 00 

§61,125 98 



Income. 

Cash received for fire premiums, . . $112,102 06 
Deduct reinsurance and return premiums, . 22,592 88 

Net cash received for fire premiums, . . $89,509 18 

Interest received on mortgages, 2,625 46 

Interest and dividends received from all other sources, . 11,310 46 

Income from rent, 168 10 

Gross cash income, $103,613 20 



Expenditures. 

Cash paid for fire losses, 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 
Cash dividends paid, .... 
paid for commissions and brokerage, 



$53,502 41 
3,908 07 



$49,594 34 
12,000 00 
15,378 12 



108 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Cash paid for salaries of officers and employees, 
for State and local taxes, 
for rent and incidentals, 

Gross cash expenditures, .... 



$13,118 96 
4,847 94 
8,865 78 

$103,805 14 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

.$15,013,012 00 $146,622 10 
. 11,338,429 00 109,821 94 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$26,351,441 00 $256,444 04 
12,327,743 00 114,571 99 



.$14,023,698 00 $141,872 05 
643,220 00 5,564 95 



. $13,380,478 00 $136,307 10 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$921,596 00 

330,603 00 

232,000 00 

12,000 00 

56,054 00 

24,200 00 



PRESCOTT INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 27, 1872. Commenced business Jan. 15, 1873.] 

Paid-up Capital, §200,000. 

Franklin Greene, Preside?it. Francis H. Stevens, Secretary. 

Office, No. 42 Congress Street. 



Detailed Statement of Stocks, 

112 shares Atlas National Bank, . 

10 
450 
203 
100 
125 

50 
120 
125 

48 ' 
100 ' 



Eagle National Bank, 
Webster National Bank, . 
Eliot National Bank, . 
Merchandise National Bank, 
Market National Bank, 
New England National Bank, 
Tremont National Bank, . 
Second National Bank, 
Blackstone National Bank, 
State National Bank, . 



Bonds, etc. 

Par value. 

$11,200 00 

1,000 00 

45,000 00 

20,300 00 

10,000 00 

12,500 00 

5,000 00 

12,000 00 

12,500 00 

4,800 00 

10,000 00 



Market value 

$14,224 00 

1,100 00 

47,700 00 

25,172 00 

10,200 00 

11,625 00 

7,300 00 

13,380 00 

19,750 00 

5,304 00 

12,400 00 



1885.] AND FIRE-MARINE INSURANCE COS. 109 



100 shares Globe National Bank, 
60 " Merchants 1 National Bank, 
Cincinnati city bonds, .... 
Houston city bonds, .... 
Boston and Lowell Railroad bonds, 
Kansas City, Law. and So. Railroad bonds, 
Northern Pacific Terminal Railroad bonds, . 
Cin., Ind., St. Louis and Chic. R. R. bonds, 
Little Rock and Ft. Smith Railroad bonds, 
Atch., Col. and Pacific Railroad bonds, 



Par value. 

$10,000 00 

6,000 00 

25,000 00 

10,000 00 

25,000 00 

25,000 00 

30,000 00 

10,000 00 

10,000 00 

5,000 00 



Market value. 

$9,925 00 

8,760 00 

32,625 00 

10,000 00 

30,725 00 

27,500 00 

30,000 00 

10,000 00 

11,325 00 

5,200 00 



$300,300 00 $344,215 00 



Summary of Assets Dec. 31, 1885. 

$344,215 00 



Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, .... 



1,858 43 
13,457 42 

2,833 32 
21,598 18 



$383,962 35 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 

Total amount of losses, 

Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$10,024 94 

1,925 00 

$11,949 94 

911 57 

$11,038 37 

126,301 80 

3,956 30 



141,296 47 

$242,665 88 
200,000 00 



Surplus over capital, $42,665 88 



Income. 

Cash received for fire premiums, . . $227,432 63 
Deduct reinsurance and return premiums, . 30,863 07 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, . 

Income from profit and loss account, 



$196,569 56 

15,665 42 

50 00 



Gross cash income, 



$212,284 98 



110 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Expenditures. 
Cash paid for fire losses, .... $115,195 78 
Deduct salvage and reinsurance, . . 7,225 76 

Net cash paid for fire losses, . . . 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, 

Risks and Premiums. 

Fire risks outstanding Dec. 31, 1884, . . $19,676,986 00 
written during 1885, . . . 18,601,517 00 



Total, , $38,278,503 00 

Deduct risks expired and terminated, . 17,355,464 00 



In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



. $20,923,039 00 
705,391 00 



.$20,217,648 00 

Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$107,970 02 
12,000 00 
39,668 11 
12,645 50 
6,971 34 
14,412 97 

$193,667 94 

Premiums, 

$241,999 24 
231,462 43 

$473,461 67 
210,243 39 

$263,218 28 
10,614 67 

$252,603 61 



,2,134,860 00 

1,173,499 00 

194,000 00 

12,000 00 

104,244 00 

107,300 00 



SALEM MARINE INSURANCE COMPANY, SALEM. 

[Incorporated Feb. 6, 1856. Commenced business Feb. 7, 1857.] 

Paid-up Capital, $100,000. 

William Northey, President. . Fred'k P. Richardson, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $10,000 00 $11,787 50 

Burlington and Mo. River in Neb. R.R.b'ds, 6,000 00 7,200 00 

Cedar Rapids and Mo. Railroad bonds, . 5,000 00 6,425 00 

Consolidated Railroad of Vt. bonds, . . 5,000 00 3,950 00 

Phila., Wilmington and Bait. R. R. bonds, . 5,000 00 5,350 00 

Fremont, Elkhorn and Mo. Val.R.R. bonds, 10,000 00 11,625 00 

Essex Railroad bonds, 900 00 902 25 

Sioux City and Pacific Railroad bonds, . 3,000 00 3,180 00 

Oregon Ry. and Nav. Company bonds, . 5,000 00 5,500 00 



1885.] AND FIRE-MARINE INSURANCE COS. Ill 



Northern Pacific Railroad bonds, 

Chic. Burl, and Quincy Railroad stock, 

Chicago and Northwestern Railroad stock, 

Chicago and Northwestern Railroad bonds 

Cleveland city bonds, . 

Providence city bonds, . 

Cambridge city bonds, 

Louisville city bonds, . 

Minneapolis city bonds, 

Chicago city bonds, 

Cincinnati city bonds, . 

Omaha city bonds, 

St Paul city bonds, 

Manhattan Beach Improvement Co. bonds 
30 shares Mercantile Nat'l Bank, Salem, 
81 " Merchants' Nat'l Bank, Salem, 
73 M Exchange Nat'l Bank, Salem, 
98 " First Nat'l Bank, Salem, . 

100 " Naumkeag Nat'l Bank, Salem, 
93 " North Nat'l Bank, Boston, . 
100 " Second Nat'l Bank, Boston, 
100 " Webster Nat'l Bank, Boston, 
75 " Commerce Nat'l Bank, Boston, 
51 " Atlantic Nat'l Bank, Boston, 
16 " Shawmut Nat'l Bank, Boston, 
21 " Boston Nat'l Bank, Boston, 
30 " Merchants' Nat'l Bank, Boston, 



Par value. 

$5,000 00 
5,500 00 
10,000 00 
5,000 00 
10,000 00 
5,000 00 
10,000 00 
5,000 00 
10,000 00 
8,000 00 
5,000 00 
8,000 00 
5,000 00 
5,000 00 
3,000 00 
4,050 00 
7,300 00 
9,800 00 
10,000 00 
9,300 00 
10,000 00 
10,000 00 
7,500 00 
5,100 00 
1,600 00 
2,100 00 
3,000 00 



Market value. 

$5,587 50 
7,590 00 
11,450 00 
4,750 00 
12,200 00 
6,025 00 
13,225 00 
5,250 00 
10,375 00 
9,760 00 
5,300 00 
8,640 00 
5,400 00 
3,500 00 
3,600 00 
5,670 00 
8,979 00 
12,054 00 
14,000 00 
12,648 00 
15,900 00 
10,575 00 
9,018 75 
7,089 00 
1,952 00 
2,551 50 
4,350 00 



$229,150 00 $273,359 50 



Summary of Assets Dec. 31, 1885. 

Stocks, bonds, etc., as per schedule, . . $273,359 50 

Cash in the office of the company, • ,• 251 03 

deposited in bank, .... 20,395 33 

Interest due and accrued, .... 2,085 00 

Premiums in course of collection (gross), . 4,038 28 

Notes taken for marine and inland risks, . 11,811 55 

Gross assets, $311,940 69 

Liabilities. 

Net amount of unpaid losses, . . . $14,114 00 

Unearned premiums on outstanding risks, . *25,811 94 
Due and accrued for rent, salaries, etc., . 429 17 

Commissions and brokerage, ... 86 36 

Gross liabilities, except capital, . . . 40,441 47 

Surplus as regards policy-holders, . . . $271,499 22 
Paid-up capital, 100,000 00 

Surplus over capital, f 171,499 22 



* Taken at 100 per cent. 



112 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Income. 

Cash received for marine and inlM prem's, . $43,662 87 
Deduct reinsurance and return premiums, . 1,709 05 

Net cash rec'd for marine and inlM prem's, 

Interest and dividends received from all sources, 



Gross cash income, 



$41,953 82 
13,410 28 

$55,364 10 



Expenditures. 

Cash paid for marine and inland losses, . $26,934 09 
Deduct salvage and reinsurance, . . 1,104 81 

Net cash paid for marine and inland losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, . 

for State and local taxes, . 

for rent and incidentals, 

Gross cash expenditures, .... 



$25,829 28 
10,125 00 
2,776 87 
4,000 00 
1,908 90 
1,205 19 

$45,845 24 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$620,888 00 
2,101,284 00 

$2,722,172 00 
2,211,748 00 

$510,424 00 
6,200 00 



Premiums. 

$28,040 93 
38,459 19 

$66,500 12 
40,512 18 

$25,987 94 
176 00 



$504,224 00 $25,811 94 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, 



$1,374,398 00 

1,020,459 00 

284,000 00 

10,000 00 

29,434 00 

16,500 00 



1885.] AND FIRE-MARINE INSURANCE COS. 113 



SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY, 

SPRINGFIELD. 

[Incorporated 1849. Commenced business 1851.] 
Paid-up Capital, $1,000,000. 
J. N. Dunham, President. S. J. Hall, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $100,000 00 $130,000 00 

Wakefield (Mass.) Water Company bonds, 50,000 00 53,000 00 

Ann Arbor (Mich.) Water Company bonds, 50,000 00 50,000 00 

Kansas City, St. Jo. and C. B. R. R. bonds, 100,000 00 123,000 00 

Union Pacific Railroad bonds, . . . 50,000 00 50,000 00 

Chicago and Northwestern Railroad bonds, . 50,000 00 55,000 00 

Morris and Essex Railroad bonds, . . 8,000 00 11,200 00 

New York and Harlem Railroad bonds, . 10,000 00 13,800 00 

Chicago, Mil. and St. P Railroad bonds, . 10,000 00 13,000 00 

St. Paul, Minn, and Man. Railway bonds, . 50,000 00 57,500 00 

Chicago, Burl, and Quincy Railroad bonds, 10,000 00 10,000 00 

Detroit, Lansing and No. Railroad bonds, . 2,000 00 2,400 00 

100 shares Agawam Nat'l B'k, Springfield, 10,000 00 12,500 00 

150 " John Hancock, Nat'l B'k," 15,000 00 18,750 00 

104 " Chicopee Nat'l Bank, " 10,400 00 17,160 00 

100 " Pynchon Nat'l Bank, " 10,000 00 17,000 00 

28 " Second National Bank, " 2,800 00 4,900 00 

200 " Third Nat'l Bank, " 20,C00 00 35,000 00 

100 " City Nat'l Bank, " .10,000 00 12,800 00 

100 " Chapin Nat'l Bank, " 10,000 00 13,000 00 

116 " First Nat'l Bank, " 11,600 00 18,560 00 

75 " Ware Nat'l Bank, Ware, . . 7,500 00 9,000 00 

34 " First Nat'l Bank, Northampton, 3,400 00 4,250 00 

100 " Northampton Nat'l B'k, " 10,000 00 16,500 00 

10 " Monson Nat'l Bank, Monson, . 1,000 00 1,500 00 

31 " First Nat'l Bank, Chicopee, . 3,100 00 4,960 00 

20 " Adams Nat'l Bank, No. Adams, 2,000 00 2,840 00 

100 " Tremont National Bank, Boston, 10,000 00 11,100 00 

100 " Boston Nat'l Bank, " 10,000 00 12,100 00 

100 " New England Nat'l Bank, " 10,000 00 14,600 00 

100 " Commonwealth Nat'l B'k, " 10,000 00 11,800 00 

100 " Merchandise Nat'l Bank, " 10,000 00 10,200 00 

100 " Merchants' Nat'l Bank, " 10,000 00 14,500 00 

100 " Atlas Nat'l Bank, " 10,000 00 12,600 00 

200 " Howard Nat'l Bank, •• 20,000 00 23,600 00 

100 " Webster Nat'l Bank, •• 10,000 00 10,500 00 

150 " Boylston Nat'l Bank, " 15,000 00 19,500 00 

100 " Eliot Nat'l Bank, " 10,000 00 12,400 00 



114 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

Par value. Market value. 

100 shares Nat'l Bank of Commerce, Boston, $10,000 00 $12,000 00 

100 " Shawmut Nat'l Bank, " 10,000 00 12,200 00 

100 " Nat'l Bank of Commerce, N.Y. 10,000 00 15,5C0 00 

200 " Fourth Nat'l Bank, " 20,000 00 25,000 00 

112 " Continental Nat'l Bank, " 11,200 00 11,700 00 

200 " Metropolitan Nat'l Bank, " 20,000 00 6,000 00 

100 " Franklin Co. Nat'l B'k, Greenfield, 10,000 00 10,000 00 

100 " St. Paul Nat'l Bank, St. Paul, Minn., 10,000 00 11,000 00 

700 " Boston and Albany Railroad, . 70,000 00 126,000 00 

200 " Boston and Providence Railroad, 20,000 00 37,000 00 

500 " Connecticut River Railroad, . 50,000 00 83,500 00 

1000 " N. Y.,N.H. and Hartford R.R., 100,000 00 200,000 00 

500 " Old Colony Railroad, . . 50,000 00 80,000 00 

1000 " New York and Harlem R. R., . 50,000 00 100,000 00 

1100 " Chicago, Burl, and Quincy R.R., 110,000 00 150,700 00 

550 " Chicago, Mil. and St, P. R.R., . 55,000 00 66,000 00 

400 " Pennsylvania Railroad, . . 20,000 00 22,000 00 

Instalments Chic, Burl, and No. Railroad, . 4,884 00 4,884 10 



$1,372,884 00 $1,884,064 00 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

25 shares QuassaicN'lB'k,Newbg'h,N.Y., . ft>25 00 $4i0 00 

100 " Nonotuck Paper Co , Holyoke, . 10,000 00 \ 

60 " Valley Paper Co., " . 8,400 00 I 15,000 00 

1 " Parsons Paper Co., " 10,000 00 J 



$29,025 CO $15,410 00 

Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $96,528 00 

Loans on mortgage of real estate (first liens*) , 303,366 67 

Interest due or accrued thereon, . . . 7,672 09 

Stocks, bonds, etc., as per schedule, . . 1,884,064 00 

Loans on collateral security, as per schedule, 15,400 00 

Cash in the office of the company, . . 9,910 36 

deposited in bank, .... 97,556 00 

Interest due and accrued, .... 24,706 00 

Premiums in course of collection (gross), . 169,090 00 

Notes taken for fire risks, .... 194,302 73 

Rents due and accrued, .... 840 95 

Gross assets, $2,803,436 80 



* Value of lands mortgaged $206,000 00 

Value of buildings thereon, . . . . 322 000 00 
Amount of insurance held as collateral, . . 234,650 00 



1885.] AND FIRE-MARINE INSURANCE COS. 115 



Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, . 

Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$75,085 57 

42,731 06 

36,407 31 

$154,223 94 

11,275 73 



$142,948 21 

1,224,582 74 

25,363 50 



1,392,894 45 



. $1,410,542 35 
. 1,000,000 00 



Surplus over capital, 



$410,542 35 



Income. 

Cash received for fire premiums, . . $1,836,787 31 
Deduct reinsurance and return premiums, . 233,421 23 

Net cash received for fire premiums, . . $1,603,366 08 

Interest received on mortgages, 15,758 64 

Interest and dividends received from all other sources, . 93,749 09 

Income from rents, 3,611 00 



Gross cash income, 



. $1,716,484 81 



Expenditures. 

Cash paid for fire losses $937,460 38 

Deduct salvage and reinsurance, . . 42,596 09 

Net cash paid for fire losses, . . . 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



Gross cash expenditures, 



$894,864 29 

100,000 00 

273,692 98 

71,485 41 

43,028 77 

159,035 99 

. $1,542,107 44 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, .$151,350,979 00 $2,057,811 96 

written during 1885, . . 135,324,200 00 1,826,877 31 



Total $286,675,179 00 $3,884,689 27 

Deduct risks expired and terminated, . 119,480,040 00 1,644,684 65 



In force at end of year, 



.$167,195,139 00 $2,240,004 62 



116 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$19,028,260 00 

12,106,426 00 

1,892,042 00 

100,000 00 

851,474 00 

157,200 00 



WASHINGTON FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Dec. 31, 1872. Commenced business Jan. 1, 1873 ] 

Paid-up Capital, $1,000,000. 

Isaac Sweetser, President. A. Willard Damon, Secretary. 

Office, No. 38 State Street. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

Atlas National Bank, . % . . $34,500 00 $43,470 00 

Blackstone National Bank, . 16,000 00 17,640 00 

Columbian National Bank, . 58,100 00 76,400 00 

Continental National Bank, . 8,800 00 9,725 00 

Eliot National Bank, . . . 5,000 00 6,200 00 

Freeman's National Bank, . . 8,000 00 8,400 00 

Globe National Bank, . . 2,500 00 2,480 00 

Hamilton National Bank, . . 11,000 00 14,300 00 

Massachusetts National Bank, . 3,750 00 3,750 00 

Merchants' National Bank, . 55,000 00 ; 79,750 00 

Merchandise National Bank, . 6,000 00 6,120 00 

North National Bank, . . 17,000 00 23,120 00 

New England National Bank, . 20,000 00 29,200 00 

Old Boston National Bank, . 550 00 660 00 

State National Bank, . . . 12,500 00 15,500 00 

Shawmut National Bank, . . 2,000 00 2,440 00 

Suffolk National Bank, . . 8,500 00 9,945 00 

Tremont National Bank, . . 2,500 00 2,795 00 

Union Market National Bank, . 1,200 00 1,680 00 

Washington National Bank, . 6,500 00 8,710 00 

Commerce National Bank, . 8,500 00 10,220 00 

Commonwealth National Bank, . 10,000 00 11,800 00 

North America National Bank, . 7,500 00 7,820 00 

City National Bank, . . . 13,500 00 14,885 00 

Eagle National Bank, . . 11,600 00 12,700 00 

Hide & Leather National Bank, . 10,000 00 11,910 00 

Revere National Bank, . . 20,400 00 25,705 00 

Union National Bank, . . 4,700 00 6,720 00 



345 shares 


160 


it 


581 


u 


88 


M 


50 


li 


80 


II 


25 


II 


110 


II 


15 


tl 


550 


II 


60 


II 


170 


II 


200 


II 


11 


It 


125 


tl 


20 


II 


85 


tl 


25 


It 


12 


II 


65 


tl 


85 


II 


100 


It 


75 


II 


135 


It 


116 


II 


100 


tl 


204 


tl 


47 


tl 



1885.] AND FIRE-MARINE INSURANCE COS. 117 



40 shares Webster National Bank, 
40 " Norwich and Worcester R. R., 
200 " N. Y. Cen. and Hudson R. R.R. 
350 " Old Colony Railroad, . 
200 " Union Pacific Railroad, 
210 " Chicago, Burl, and Quincy R.R. 
300 " Boston and Lowell Railroad, 
143 " Boston and Albany Railroad, 
100 " Northern Pacific Railroad, . 
110 " Chicago, Mil. and St. Paul R. R. 
100 " Chicago and Northwestern R. R. 

10 " Boston Gas Light Company, 
United States bonds, .... 
City of Boston bonds, .... 
Chicago, Burl, and Quincy Railroad bonds 
Eastern Railroad bonds, 
Old Colony Railroad bonds, 
Union Pacific Railroad bonds, 
Cedar Rapids and Mo. River R. R. bonds, 
Pueblo and Arkansas Valley R R. bonds, 
Northern Pacific Railroad bonds, 
Oregon and Transcontinental Co. bonds, 
Saginaw and Western Railroad bonds, 
Fremont, Elkhorn and Mo. Val. R. R. bonds 
Kan. City, Springfield & Memphis R.R. b'ds 
Kan. City, Lawrence & Southern R. R. b'ds 
Kan. City, St. Jo. and Coun. Bluffs R.R. b'ds 
Kan. City, Clinton & Springfield R. R. b'ds 
Nodaway Valley Railroad bonds, 
Oregon R'y and Nav. Co. bonds, 
Maine Central Railroad bonds, . 
St. Paul, Minn, and Manitoba R. R. bonds, 
Chicago, Milwaukee & St. Paul R. R. bonds 
Marion & McPherson Railroad bonds, 
Chicago, Burl, and Northern R. R. bonds, 
Oregon Short Line Railway bonds, 
Atchison, Topeka and S. Fe R. R. bonds, 
Louisville & Nashville Railroad bonds, 



Par value. 

$4,000 00 

4,000 00 

20,000 00 

35,000 00 

20,000 00 

21,000 00 

30,000 00 

14,300 00 

10,000 00 

11,000 00 

10,000 00 

5,000 00 

145,000 00 

110,000 00 

10,000 00 

61,500 00 

20,000 00 

30,000 00 

10,000 00 

20,000 00 

40,000 00 

10,000 00 

5,000 00 

5,000 00 

10,000 00 

10,000 00 

10,000 00 

20,000 00 

10,000 00 

25,000 00 

10,000 00 

15,000 00 

10,000 00 

4,000 00 

2,220 00 

10,000 00 

15,000 00 

10,000 00 



Market value. 

$4,240 00 

6,680 00 

21,175 00 

56,000 00 

11,150 00 

28,875 00 

36,600 00 

25,740 00 

6,200 00 

13,725 00 

13,600 00 

8,000 00 

168,495 00 

135,500 00 

13,400 00 

74,720 00 

24,325 00 

34,625 00 

12,525 00 

24,400 00 

43,650 00 

9,500 00 

5,250 00 

5,760 00 

11,050 00 

10,975 00 

12,300 00 

20,800 00 

11,000 00 

27,650 00 

10,250 00 

17,625 00 

10,935 00 

4,880 00 

3,120 00 

9,600 00 

14,175 00 

10,475 00 



:,177,620 00 $1,423,015 00 



Securities held as collateral for cash loans : — 



320 shares Indian Orchard Mills, 

10 " Commercial Wharf Company, 
250 " Central Mills Company, . 



Market value. 

$40,000 00 
20,000 00 
25,000 00 



Loaned thereon. 

$25,000 00 

8,000 00 

20,000 00 



$85,000 00 $53,000 00 



118 MASS. JOLST-STOCK FIRE, MARINE, [Dec. 31, 



Summary of Assets Dec. 31, 1885. 
Loans on mortgage of real estate (first liens*) , $41,500 00 
Interest due or accrued thereon, . . . 759 00 
Stocks, bonds, etc., as per schedule, . . 1,423,015 00 
Loans on collateral security, as per schedule, 53,000 00 
Cash in the office of the company, . . 11,714 85 
deposited in bank, .... 106,619 05 
Interest due and accrued, .... 4,486 00 
Premiums in course of collection (gross), . 96,232 64 
Notes taken for marine and inland risks, . 72,946 62 
Gross assets, ; 



$1,810,273 16 



Liabilities. 

Net amount of unpaid losses, . . . $107,060 00 

Unearned premiums on outstanding risks, . f492,673 14 
Commissions and brokerage, . . . 934 10 

Gross liabilities, except capital, . . 600,667 24 



Surplus as regards policy-holders, . . . $1,209,605 92 
Paid-up capital, 1,000,000 00 



Surplus over capital, 



. $209,605 92 



Income. 

Cash received for fire premiums, 
Deduct reinsurance and return premiums, . 
Net cash received for fire premiums, . 
Cash received for marine and inland prems., 
Deduct reinsurance and return premiums, . 

Net cash rec'd for marine and inland prems., 

Interest received on mortgages, 

and dividends received from all other sources, 

Gross cash income, 



$978,800 76 
235,924 04 

$220,322 63 
15,081 17 



$742,876 72 



205,241 46 

2,131 67 

65,293 44 

$1,015,543 29 



Expenditures 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash paid for commissions and brokerage, . 



$443,659 99 
43,304 05 

$202,518 78 
33,120 80 



for salaries of officers and employees, 



$400,355 94 



169,397 98 

169,537 18 

23,200 00 



* Value of lands mortgaged, $27,000 00 

Value of buildings thereon, 51,500 00 

Amount of insurance held as collateral, . . 46,500 00 
t Of the marine premiums $43,170.60, is taken at 60 per cent, and $21,454.48 at 100 per cent. 






1885.] AND FIRE-MARINE INSURANCE COS. 119 



Cash paid for State and local taxes, . 
for profit and loss account, . 
for rent and incidentals, 

Gross cash expenditures, .... 

Risks and Premiums. 

Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force 

Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 

Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



.$55,290,189 00 
. 84,163,974 00 


$139,454,163 00 
. 62,622,777 00 


.$76,831,386 00 
. 5,524,177 00 


.$71,307,209 00 

. $1,724,012 00 
. 9,387,103 00 


.$11,111,115 00 
. 8,738,339 00 


. $2,372,776 00 
106,331 00 


. $2,266,445 00 



$26,821 60 

1,464 00 

134,515 01 

$925,291 71 



Premiums. 

$708,125 88 
998,402 96 

$1,706,528 84 
773,293 49 



$933,235 35 
77,139 23 

$856,096 12 



i,763 57 

231,841 15 

$298,604 72 

203,760 00 



$94,844 72 
1,439 .24 

$93,405 48 



}6, 000,890 00 
3,042,480 00 
370,000 00 
366,991 00 
182,503 00 
207,900 00 



WELLFLEET MARINE INSURANCE COMPANY, WELLFLEET. 

[Incorporated Dec. 28, 1885. Commenced business Jan. 1, 1886.] 

Paid-up Capital, $100,000. 

James Sweet, President. Thomas Kemp, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

80 shares Faneuil Hall Nat'l Bank, . . $8,000 00 $10,830 00 

47 " Freeman's Nat'l Bank, . . 4,700 00 4,935 00 

3 " Republic Nat'l Bank, . .. . 300 00 417 00 

15 " Blackstone Nat'l Bank, . . 1,500 00 1,650 00 



120 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 







Par value. 


Market value. 


30 shares Hide and Leather Nat'l Bank, 


f.s.oqo oo 


$3,570 00 


12 ' 


' State Nat'l Bank, . 


1,200 00 


1,484 00 


54 ' 


1 . Union Market Nat'l Bank, . 


5,400 00 


7,290 00 


20 « 


1 Home Nat'l Bank, 


2,000 00 


2,400 00 


30 ' 


4 Manufacturers 1 Nat'l Bank, . 


3,000 00 


3,000 00 


10 ' 


1 Maverick Nat'l Bank, . 


1,000 00 


2,200 00 


7 ■ 


1 First Ward Nat'l Bank, 


700 00 


840 00 


25 ■ 


' First (Ayer) Nat'l Bank, . 


2,500 00 


2,750 00 


10 ' 


• Boston and Maine Railroad, 


1,000 00 


1,800 00 


30 ' 


* Eastern Railroad, 


3,000 00 


2,004 00 


Unite< 


1 States bonds, .... 


1,500 00 


1,710 00 




$38,800 00 


$46,880 00 



Summary of Assets Dec. 31, 1885. 

Stocks, bonds, etc., as per schedule, . . $46,880 00 
Cash deposited in bank, .... 53,120 00 

Gross assets, 



$100,000 00 



Note. — Reorganized and commenced business as a stock company, 
Jan. 1, 1886. 



1885.] AND FIRE-MARINE INSURANCE COS. 121 



AGGREGATE. 



Capital Stock. 
Whole amount of capital actually paid up in cash, 



Assets. 



Gross present assets, 



Liabilities. 

Gross present liabilities, 



Income. 
Cash actually received for lire premiums, . 
actually received for marine premiums, 
for interest and dividends from all sources, 
from all other sources, .... 



Gross cash income, 



Expenditures. 

Cash actually paid during the year for fire losses, 

actually paid during the year for marine losses, 
for dividends to stockholders, .... 
for brokerage and commission on premiums, . 
for salaries and pay of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 

Gross cash expenditures, 

Miscellaneous. 

Whole amount of fire risks written during the year, 
premiums charged or receivable thereon, 
marine risks written during the year, 
premiums charged or receivable thereon, 
fire risks terminated during the year, 
marine risks terminated during the year, 
fire risks outstanding at end of year, 
marine risks outstanding at end of year, 
cash dividends declared during the year, 
fire losses incurred during the year, 
marine losses incurred during the year, . 



$6,207,200 

$12,912,948 

$3,921,997 



$3,724,246 

1,539,148 

495,493 

5,532 



$5,764,419 



i 1,975,055 
1,020,376 
412,905 
757,251 
276,301 
152,514 
498,038 



§5,092,440 



$363,750,057 

4,443,259 

92,328,369 

1,629,422 

311,824,033 

93,530,626 

419,241,926 

18,355,593 

409,432 

1,921,103 

1,136,422 



FIRE, MARINE, AND FIRE-MARINE 
IN SUR ANCE COMPANIES 

OF OTHER STATES. 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1885. 



124 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



^TNA INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated June, 1819. Commenced business Aug. 17, 1819.] 

Paid-up Capital, $4,000,000. 

Lucius J. Hendee, President. Jotham Goodnow, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 

Alabama state bonds, . 

Connecticut state bonds, 

New Hampshire state bonds, 

Rhode Island state bonds, . 

South Carolina state bonds (consolidated) 

Tennessee state bonds, 

Hartford County bonds, 

Hudson County, N. J., bonds, 

Barkhamsted town bonds, . 

Hartford town bonds, . 

Norwich town bonds, . 

Norfolk town bonds, . 

Pawtucket, R. I., town bonds, 

Windsor Locks town bonds, 

Middletown town bonds, 

Bloomington, 111., bonds, 

Boston, Mass., bonds, . 

Brooklyn, N. Y., bonds, 

Buffalo, N. Y., bonds, . 

Cleveland, Ohio, bonds, 

Cincinnati, Ohio, bonds, 

Chicago, 111., bonds, 

Detroit, Mich., bonds, . 

Hartford, Conn., bonds, 

Indianapolis, Ind., bonds, 

Jersey City, N. J., bonds, 

Lockport, N. Y., bonds, 



Par value. 

$277,000 00 
10,000 00 
40,000 00 
48,000 00 
43,000 00 
15,000 00 
31,000 00 
70,000 00 
25,000 00 
9,000 00 
11,000 00 

100,000 00 
16,000 00 

100,000 00 
24,000 00 
60,000 00 
20,000 00 
50,000 00 
11,000 00 
50,000 00 
28,000 00 
50,000 00 
49,000 00 
50,000 00 

111,000 00 
50,000 00 
15,000 00 
25,000 00 



Market value. 

$346,292 50 
10,000 00 
41,200 00 
60,000 00 
51,600 00 
16,500 00 
18,600 00 
70,000 00 
26,000 00 
9,450 00 
11,550 00 

130,000 00 
16,800 00 

120.C00 00 
25,680 00 
64,800 00 
22,400 00 
62,500 00 
13,200 00 
65,000 00 
33,600 00 
59,000 00 
57,820 00 
57,500 00 

123,210 00 
59,000 00 
15,900 00 
31,000 00 



1885.] 



INS. COS. OF OTHER STATES. 



125 



Par value. Market value. 

Montreal, Canada, Corp. bonds, . . . $23,000 00 $25,060 00 

Newark, N. J., bonds, 50,000 00 61,250 00 

New Brunswick, N. J., bonds, . . . 29,000 00 31,850 00 

New York stock, 21,000 00 22,260 00 

Rahway, N.J., bonds, 45,000 00 11,250 00 

Providence, R. I., bonds 50,000 00 59,000 00 

East Saginaw, Mich., bonds, . . . 12,000 00 12,600 00 

Titusville, Pa., bonds, . . . . . 20,000 00 20,000 00 

Corry, Pa., bonds, 10,000 00 10,500 00 

Toledo, Ohio, bonds, 18,000 00 20,700 00 

Rochester, N.Y., bonds, .... 25,00000 30,00000 

Oswego, N. Y., bonds, 25,000 00 27,000 00 

St. Louis bonds 50,000 00 53,500 00 

Fort Wayne, Ind., bonds, .... 25,000 00 27,800 00 

Ottumwa, Iowa, bonds, .... 25,000 00 25,000 00 

N. E. School Dist. (Hartford) bonds, . . 25,000 00 25,000 00 

School Dist., Enfield, Conn., bonds, . . 9,000 00 9,000 00 

School Dist., Woodbridge, N. J., bonds, . 16,000 00 16,800 00 

Montezuma, Iowa, school bonds, . . 8,000 00 8,400 00 

State Center, Iowa, school bonds, . . 15,000 00 15,000 00 

Blakesburgh, Iowa, school bonds, . . 3,000 00 3,000 00 

Chelsea, Iowa, school bonds, . . . 2,000 00 2,000 00 

Ottumwa, Iowa, school bonds, . . . 15,000 00 15,000 00 

Atlantic Dock Co. bonds, .... 31,00000 33,48000 

Albany and Susq. Railroad bonds, . . 100,000 00 123,250 00 

Buffalo and Erie Railroad bonds, . . 35,000 00 43,050 00 

Cleve., Col., Cin. and Ind. Railroad bonds, 85,000 00 103,950 00 

Cleve.,Painsville and Asht. Railroad bonds, 32,000 00 37,440 00 

Chicago, Burl, and Quincy Railroad bonds, 125,0' 00 152,750 00 

Chicago and Northwestern Railroad bonds, 130,000 00 168,000 00 

Chicago, R. I. and Pacific Railroad bonds, 60,000 00 79,200 00 

Chicago and West Indiana Railroad bonds, 50,000 00 54,000 00 

Chicago, Milwaukee and St, Paul R.R. bonds, 145,000 00 182,600 00 

Columbus and Xenia Railroad bonds, . . 50,000 00 57,500 00 

Dayton and Western Railroad bonds, . 28,000 00 30,800 00 

Delaware and Hudson Canal Co. bonds, . 55,000 00 69,150 00 

Harlem R. and Port C. Railroad bonds, . 150,000 00 195,000 00 

Housatonic Railroad bonds, . . . 50,000 00 54,000 00 

Housatonic Railroad certificates, . . 33,000 00 33,000 00 

Indianapolis and Cin. Railroad bonds, . 50,000 00 53,000 00 

Iowa Midland Railroad bonds, . . . 25,000 00 33,250 00 

Jackson, Lan. and Sag. Railroad bonds, . 50,000 00 56,000 00 

Keokuk and Des Moines Railroad bonds, . 40,000 00 43,600 00 

Lake Shore Railroad bonds, . . . 30,000 00 36,900 00 

Lake Shore and Mich. So. Railroad bonds, 90,000 CO 109,500 00 

Mahoning Railroad coal bonds, . . . 25,000 00 25,000 00 

Michigan Central Railroad bonds, . . 50,000 00 63,000 00 

Minn, and St. Louis Railroad bonds, . . 25,000 00 29,750 00 



126 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Par value. Market value. 

Morris and Essex Railroad bonds, . . $125,000 00 $161,600 00 

New York Central Railroad bonds, . . 75,000 00 78,555 00 

N. Y. Cen. and H. R. Railroad bonds, . 175,000 00 241,500 00 

N. Y. and Harlem Railroad bonds, . . 10,000 00 13,700 00 

N. Y., L. E. and West. Railroad bonds, . 45,000 00 57,150 00 

N. Y., W. S. and Buffalo Railroad bonds, . 100,000 00 51,500 00 

North Western Union Railroad bonds, . 25,000 00 33,500 00 

Oswego Railroad Bridge bonds, . . . 50,000 00 52,500 00 

Pittsburgh, Ft. W. and Chic. Railroad bonds, 196,000 00 272,340 00 

St. Johnsbury and Lake Cham. R.R. bonds, 55,000 00 60,500 00 

Vermont Valley Railroad bonds, . . 50,000 00 52,500 00 

Kansas Pacific Railroad bonds, . . . 25,000 00 25,000 00 

Minneapolis Union Railroad bonds . . 50,000 00 55,000 00 

St. Paul, Minn, and Man. Railroad bonds, . 21,000 00 24,360 00 

St. Paul and Sioux City Railroad bonds, . 20,000 00 22,000 00 

Atlantic Mut. Ins. Co. scrip, . . . 39,110 00 39,110 00 

50 shares Conn. River Co., . . . 5,000 00 1,000 00 

500 " Albany and Susq. Railroad, . 50,000 00 67,500 00 

100 " Ashuelot Railroad, . . . 10,000 00 13,000 00 

150 " Central Ohio Railroad, . . . 7,500 00 7,500 00 

1000 " Cleveland and Pittsb. Railroad, 50,000 00 73,000 00 

220 " Chicago, Burl, and Quincy R.R, 22,000 00 30,250 00 

200 " Chicago, R. I. and Pacific R. R., 20,000 00 25,700 00 

200 " Connecticut River Railroad, . 20,000 00 33,200 00 

250 " Dubuque and Sioux City Railroad, 25,000 00 15,000 00 

350 " Ft. Wayne and Jackson Railroad, 35,000 00 31,500 00 

100 " Joliet and Chicago Railroad, . 10,000 00 14,500 00 

200 " Keokuk and Des Moines R. R., 20,000 00 6,000 00 

1000 " Morris and Essex Railroad, . 50,000 00 65,000 00 

800 " N.Y. Cen. and Hudson Riv.R.R., 80,000 00 81,000 00 

1000 " N.Y.,N.H. and Hartford R.R., 100,000 00 200,000 00 

750 " Pittsburg, Ft. W. and Chic. R.R., 75,000 00 105,750 00 

500 " New York and Harlem R. R., 25,000 00 52,500 00 

200 " Rensselaer and Saratoga R. R., 20,000 00 32,000 00 

200 " Valley (New York) R. R., . 20,000 00 19,000 00 

100 " New Britain Nat'l Bank, N.Britain, 10,000 00 15,000 00 

100 " First Nat'l Bank, Albany, . 10,000 00 17,000 00 

250 " Farmers&Mechanics Nat'l B'k,Phila., 25,000 00 35,250 00 

50 " Merchants 1 Nat'l B'k, St. Louis, 5,000 00 5,150 00 

200 " Mechanics' Bank, St. Louis, . 20,000 00 22,000 00 

200 " ^Etna Nat'l Bank, Harlford, . 20,000 00 23,000 00 

200 " American Nat'l Bank, Hartford, 10,000 00 14,500 00 

400 " Charter Oak Nat'l B% Hartford, 40,000 00 56,000 00 

200 " City Nat'l Bank, Hartford, . 20,000 00 13,000 00 

150 " Conn. Riv.Bank'gCo., Hartford, 7,500 00 7,200 00 

550 " Nat'l Exchange B'k, Hartford, 27,500 00 39,875 00 

500 " Farmers & Mech. Nat'l B'k, Hart., 50,000 00 52,000 00 

200 " First Natl Bank, Hartford, . 20,000 00 20,400 00 



1885.] INS. COS. OF OTHER STATES. 127 

Par value. Market value. 

1000 shares Hartford Nat'l Bank, Hartford, $100,000 00 $165,000 00 

1C00 " Phoenix Nat'l Bank, Hartford, . 100,000 00 140,000 00 

550 " State Bank, Hartford, . . 55,000 00 55,000 00 

400 •■ American Exch. Nat'l B'k,N.Y.City, 40,000 00 51,200 00 

300 " Nat'l Butch.&Drov. B'k, N.Y. City, 7,500 00 11,250 00 

100 " Nat'l City Bank, N. Y. City, .' 10,000 00 26,000 00 

500 " Nat'l B'k of Commerce, N.Y.City, 50,000 00 78,500 00 

100 " Hanover Nat'l Bank, N.Y.City, 10,000 00 14,000 00 

300 " Imp.&Trad. Nat'l B'k,N.Y.City, 30,000 00 78,000 00 

400 " BankoftheManha'nCo.NY.City, 20,000 00 30,000 00 

100 " Market Nat'l Bank, N. Y. City, 10,000 00 15,000 00 

700 " Merchants' Nat'l Bank, N.Y.City. 35,000 00 45,500 00 

120 " Merchants Exch. Nat'l B'k,N.Y.City, 6,000 00 6,000 00 

1200 " Mechanics Nat'l Bank, N.Y.City, * 30,000 00 45,000 00 

400 " Metropolitan Nat'l B'k, N.Y.City, 40,000 00 12,000 CO 

200 " Nassau Bank, N.Y. City, . 10,000 00 12,500 00 

300 " B'kofN.Y.Nat.B'gAss'n,N.Y.City, 30,000 00 52,500 00 

200 " Bank of No. America, N.Y. City, 14,000 00 14,980 00 

300 " Phoenix Nat'l Bank, N.Y. City, 6,000 00 6,300 00 

200 " People's Bank, N. Y. City, . 5,000 00 7,500 00 

150 " Nat'l B'k of the Repub. N.Y. City, 15,000 00 18,000 00 

100 " Third Nat'l Bank, N.Y. City, . 10,000 00 11,000 00 

400 " Union Nat'l Bank, N.Y. City, . 20,000 00 100 00 

100 " Amer'n Loan & Trust Co. N.Y. City, 10,000 00 10,800 00 

150 " N.Y. Life Ins. & Trust Co.N.Y.City, 15,000 00 75,000 00 

100 " United States Trust Co., N Y. City, 10,000 00 47,500 00 

1U0 " Union Trust Co., N.Y. City, . 10,000 00 35,000 00 

100 " Central Trust Co., N.Y. City, . 10,000 00 33,000 00 

100 " Metropolitan Trust Co., N.Y.City, 10,000 00 12,000 00 



$6,142,110 00 $7,563,862 50 
Securities held as collateral for cash loans : — 

Nat'l Exch. Bank, Hartford, Conn., 
Travelers' Ins. Co., Hartford, Conn., . 
Broad Brook Co., Hartford, Conn., 
N.Y., N. H. and Hartford Railroad, 
Willimantic Linen Company, 
Second National Bank, Springfield, Mass. 
National Bank of Commerce, N. Y., . 
Mechanics' National Bank, N. Y., 
Chicago, Burl, and Quincy Railroad, . 
Union Pacific Railroad Company, 
Atch., Topeka and Santa Fe Railroad, 
National New Haven Bank, 
N. Y. and N. J. Telephone Company, 



Market value. 


Loaned thereon. 


$725 00 


$500 00 


2,500 00 


1,080 00 


14,000 00 


5,000 00 


8,800 00 


1,620 00 


960 00 


400 00 


1,211 00 


540 00 


3,925 00 ) 
937 50 > 


3,600 00 


412 50^ 




990 00 j 




924 00 )■ 


2,430 00 


320 00 ! 




580 00 J 




$36,285 00 


$15,170 00 



128 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $345,000 00 
Loans on mortgage of real estate (first liens*) , 43,800 00 
Interest due or accrued thereon, . . . 360 12 

Stocks, bonds, etc., as per schedule, . . 7,563,862 50 
Loans on collateral security, as per schedule, 15,170 00 

Cash in the office of the company, . . 5,866 93 

Cash deposited in bank, .... 935,219 72 
Interest due and accrued, .... 995 13 

Premiums in course of collection (gross), . 349,822 25 

Gross assets, 

Deduct special deposit in Canada, 



Balance, 



$9,260,096 65 
137,955 08 

$9,122,141 57 



Liabilities. 
Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks 

Reclaimable on perpetual fire policies, 

Due and accrued for rent, salaries, etc., 

Commissions and brokerage, 

Return premiums, .... 

Gross liabilities, except capital, . 
Deduct liability on special deposit, 



$89,648 62 

137,716 23 

35,912 78 

$263,277 63 
4,500 00 

$258,777 63 

1,725,469 30 

15,599 48 

500 00 

45,943 86 

11,485 97 

$2,057,776 24 
48,874 36 



2,008,901 88 



Surplus as regards policy-holders, 
Paid-up capital, 



. $7,113,239 69 
. 4,000,000 00 



Surplus over capital, . 



. $3,113,239 69 



Income. 

Cash received for fire premiums, . . $2,658,063 72 

Deduct reinsurance and return premiums, . 237,708 72 

Net cash received for fire premiums, . . $2,420,355 00 

Cash received for inland premiums, . . $158,744 12 

Deduct reinsurance and return premiums, 24,832 35 

Net cash received for inland premiums, . 133,911 77 



* Value of lands mortgaged $57,000 00 

Value of buildings thereon, .... 5S.000 00 

Amount of insurance held as collateral, . . 34,000 00 



1885.] 



INS. COS. OF OTHER STATES. 



129 



Interest received on mortgages, $2,548 23 

Interest and dividends received from all other sources, . 417,156 16 

Income from rent, 8,486 11 

Deposits rec'd for perpetu'l fire risks, $741 00 

Gross cash income, $2,982,457 27 

Expenditures. 

Net cash paid for fire losses, $1,285,853 75 

Cash paid for inland losses, . . . . . . . . . 86,947 48 

dividends paid, . . . . . . . . 720,000 00 

paid for commissions and brokerage, . . . 396,614 63 

for salaries of officers and employees, . . 152,152 55 

for State and local taxes, 51,616 31 

for incidentals, . . " 191,006 98 



Deposits ret'd on perpet'l fire risks, 
Gross cash expenditures, 



$255 00 



. $2,884,191 70 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . $289,246,692 00 $3,341,039 36 



written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, . 

Net amount in force, 



225,105,504 00 2,652,391 32 



$514,352,196 00 $5,993,430 68 
222,038,703 00 2,544,478 27 



$292,313,493 00 
3,707,496 00 



1,448,952 41 
43,727 25 



$288,605,997 00 $3,405,225 16 



Perpetuals in force (included above), $676,400 00 $16,420 50 



Inland risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



$1,826,016 00 
36,404,917 00 



38,230,933 00 
37,626,145 00 



$75,185 87 
162,986 26 



$238,172 13 
225,936 15 



$604,788 00 $12,235 98 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (18 per cent.), . 
Fire losses incurred during the year, .... 
Inland losses incurred during the year, 
Company's stock owned by directors, 



,194,764 00 

58,751,344 00 

14,993,365 00 

720,000 00 

1,321,037 00 

80,443 00 

266,100 00 



130 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 
ALBANY INSURANCE COMPANY, ALBANY, N. Y. 

[Incorporated March 8, 1811. Commenced business March 16, 1811.] 

Paid-up Capital, $200,000. 

J. Howard King, President. John E. McElroy, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, 

Watervliet Turnpike and Railroad bonds, . 
Louisville, N. A. and Chic. Railroad bonds, 
Northern Pacific Railroad bonds, 



Par value. 

$210,000 00 

15,000 00 

5,000 00 

20,000 00 



Market value. 

$222,375 00 
15,600 00 
5,125 00 
22,900 



$250,000 00 $266,000 00 



Summary of Assets Dec. 31, 1885. 

Loans on mortgage of real estate (first liens*) $110,500 00 

Interest due or accrued thereon, . . . 947 47 

Stocks, bonds, etc., as per schedule, . . 266,000 00 

Cash in the office of the company, . . 3,233 86 

deposited in bank, .... 8,295 80 

Interest due and accrued, .... 233 33 

Premiums in course of collection (net), . 209 73 

Gross assets, $389,420 19 



Liabilities. 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
State and local taxes, .... 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$5,793 20 

46,708 15 

236 64 

873 18 



53,611 17 

§335,809 02 
200,000 00 



Surplus over capital, $135,809 02 



Income. 

Cash received for fire premiums, . . $82,738 09 
Deduct reinsurance and return premiums, . 6,166 28 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, 
Miscellaneous, 



Gross cash income, 



176,571 81 

5,868 20 
9,600 00 
2,814 71 

$94,854 72 



* Value of lands mortgaged, $102,500 00 

Value of buildings thereon, 131,000 00 

Amount of insurance held as collateral, . . 98,085 00 



1885.] 



INS. COS. OF OTHER STATES. 



131 



Expenditures. 
Cash paid for tire losses, .... $55,469 78 
Deduct salvage and reinsurance, . . . 940 97 

Net cash paid for fire losses, . . . 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, .... 



$54,528 81 

20,000 00 

11,581 50 

6,888 47 

2,886 20 

2,314 52 

$98,199 50 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, .... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$11,246,094 00 

9,748,486 00 

$20,994,580 00 
9,793,231 00 

$11,201,349 00 
292,858 00 



Premiums. 

,458 97 
82,738 09 

$181,197 06 
86,737 67 

$94,459 39 
1,931 07 



$10,908,491 00 $92,528 32 



Miscellaneous. 

Premiums received from reorganization of company, 
Losses paid from reorganization of company, . 
Cash dividends declarect from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$345,522 00 
175,562 00 

100,000 00 
20,000 00 
58,812 00 
49,560 00 



AMERICAN INSURANCE COMPANY, NEWARK, N. J. 

[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.] 

Paid-up Capital, $600,000. 

F. H. Harris, President. J. H. Worden, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $500,000 00 $615,625 00 

Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $385,305 68 
Loans on mortgage of real estate (first liens*), 683,021 75 



* Total value of property mortgaged, . 



. $1,818,350 00 



132 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents due and accrued, 
Company's own stock owned, $60,000 00 
Premiums more than 3 mos. due, 929 65 
Gross assets, 



$13,170 12 

615,625 00 

10,905 52 

25,240 35 

5,000 00 

18,359 81 

4,531 24 



81,761,159 4^ 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 
Less reinsurance, .... 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, 
to policy-holders unpaid, 

Commissions and brokerage, 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$5,934 81 

11,656 95 

5,906 76 

$23,498 52 
1,453 38 

$22,045 14 

270,612 67 

12,743 90 

7,824 00 

3,067 04 



316,292 75 

$1,144,866 72 
600,000 00 



Surplus over capital, 



$844,866 72 



Income. 

Cash received for fire premiums, . . $143,791 12 

Deduct reinsurance and return premiums, . 74,508 52 

Net cash received for fire premiums, . . $369,282 60 

Interest received on mortgages, 39,364 57 

Interest and dividends received from all other sources, . 30,250 00 
Income from rents, 9,120 67 

Gross cash income, $448,017 84 



Expenditures. 
Cash paid for fire losses, 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 
Cash dividends paid, . 
Interest paid scrip-holders, . 
Cash paid for commissions and brokerage, 



$215,099 03 
28,164 38 



$191,944 65 

84,796 25 

7,393 00 

59,883 37 






1885.] 



INS. COS. OF OTHER STATES. 



133 



Cash paid for salaries of officers and employees, 
for State and local taxes, . 
for incidentals, 



Gross cash expenditures, 



$38,795 05 
14,718 54 
30,735 49 

$428,266 35 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . > 



Risks and Premiums. 

Premiums. 

.$51,430,290 00 $458,518 98 
. 48,024,820 00 446,752 27 



Total 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, .... 



1,455,110 00 $905,271 25 
. 42,665,934 00 383,921 61 



. $56,789,176 00 $521,349 64 
. 1,785,707 00 17,340 31 



.$55,003,469 00 $504,009 33 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (15 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$1,603,357 00 

1,460,131 00 

1,408,495 00 

90,000 00 

187,160 00 

57,015 00 



AMERICAN CENTRAL INSURANCE COMPANY, ST. LOUIS, MO. 

[Incorporated February, 1853. Commenced business February, 1853.] 

Paid-up Capital, $600,000. 

George T. Cram, President. Charles Christensen, Secretary. 



Detailed Statement of Stocks, 



United States bonds, . 

Missouri state bonds, .... 

Missouri Pacific Railroad bonds, . 

North Missouri Railroad bonds, . 

St. Louis Cotton Compress Company b'ds, 

St. Louis County Park bonds, 

Laclede Gaslight Company bonds, 

Bank of Commerce stock, . 

Commercial Bank stock, 

Third National Bank stock, 

Mechanics 1 National Bank stock, 



Bonds, etc. 

Par value. 

$100,000 00 
379,000 00 
76,000 00 
25,000 00 
31,500 00 
15,000 00 
5,000 00 
21,200 00 
10,000 00 
13,000 00 
11,100 00 



Market value. 

$133,000 00 

428,850 00 

82,560 00 

28,250 00 

28,350 00 

18,450 00 

4,500 00 

97.520 00 

31,500 00 

13,390 00 

12,765 00 



134 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



St. Louis National Bank stock, . 

St. Louis Cotton Compress Company stock, 

Laclede Gaslight Company stock, 

St. Louis Gaslight Company stock, 



Securities held as collateral for cash loans 

St. Louis Cotton Compress Company b'ds, . 
St. Louis Cotton Compress Company stock, 
Texas and St. Louis Railroad bonds, . 



Par value. 

$5,000 00 

31,600 00 

26,700 00 

2,500 00 



Market value. 

$6,150 00 
25,280 00 
24,030 00 
11,250 00 



6752,600 00 $945,845 00 



Market value. 

145,000 00 
40,000 00 
50,000 00 



Loaned thereon. 



$99,000 00 



$135,000 00 $99,000 00 



Summary of Assets Dec. 31, 1885. 



Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 

Losses adjusted unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, . 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$945,845 00 
99,000 00 
22,175 55 
49,047 56 
2,500 00 
54,224 50 



$1,172,792 61 



$22,890 28 
26,436 00 
14,410 21 

$63,736 49 
11,230 60 

$52,505 89 

326,534 77 

8,133 68 



387,174 34 

$785,618 27 
600,000 00 



Surplus over capital, 



. $185,618 27 



Income. 

Cash received for fire premiums, . . $588,728 04 
Deduct reinsurance and return premiums, . 102,443 95 

Net cash received for fire premiums, . . $486,284 09 

Interest and dividends received from all sources, . . 63,776 34 

Gross cash income, $550,060 43 






1885.] 



INS. COS. OF OTHER STATES. 



135 



Expenditures. 

Cash paid for fire losses, .... $317,029 02 
Deduct salvage and reinsurance, . . 24,736 72 

Net cash paid for fire losses, . . . 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees 

for State and local taxes, 

for rent and incidentals, 

Gross cash expenditures, 



$292,292 30 
36,000 00 
69,738 94 
45,034 12 
9,831 07 
52,023 07 

$504,919 50 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



.$45,063,929 00 
. 43,521,584 00 



Premiums. 

$641,440 05 
579,398 32 



. $88,585,513 00 
. 41,801,468 00 



$1,220,838 37 
560,731 21 



. $46,784,045 00 
. 1,282,908 00 



$660,107 16 
20,467 39 



.$45,501,137 00 $639,639 77 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 

Fire losses incurred the year, 

Company's stock owned by directors, 



^8,832,717 00 

4,694,471 00 

606,972 00 

36,000 00 

285,152 00 

57,500 00 



AMERICAN EXCHANGE FIRE INSURANCE COMPANY, 

NEW YORK. 

[Incorporated Feb. 28, 1859. Commenced business March 1, 1859.] 

Paid-up Capital, $200,000. 

William Raynor, President. Thomas Clark, Jr., Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 
Western Union Telegraph bonds, 
American Exchange Bank stock, 
N. Y. Mut. Gas Light stock, 



Par value. 

$160,000 00 

2,000 00 

10,000 00 

10,000 00 



Market value. 

$185,025 00 

2,380 00 

12,800 00 

13,800 00 



$182,000 00 $214,005 00 



136 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

20 shares Home Insurance Company, . $2,500 00 $1,500 00 

10 " Cent. Park, N. and E. R. R. R., . 1,100 00 > 

20 " American Loan and Trust Co., . 2,040 00/ ' 

10 " N. Y. and N. H. Railroad, . . 2,000 00 700 00 



87,640 00 $4,700 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . 
Loans on mort'ge of real estate (first liens), 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . . . 
deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), . 
Rent and reinsurance due, .... 
Gross assets, 

Liabilities. 
Net amount of unpaid losses, 
Unearned premiums on outstanding risks, . 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, 

Gross liabilities, except capital, . 



S 22,056 11 


6,000 00 


120 00 


214,005 00 


4,700 00 


281 74 


451 31 


463 30 


6,286 31 


651 34 


IPttOIt 11 


$660 00 


21,786 37 


500 00 


622 56 


oq ^fi« qq 



Surplus as regards policy-holders, . . . $231,446 18 
Paid-up capital, 200,000 00 

Surplus over capital, $31,446 18 

Income. 

Cash received for fire premiums, . . $51,984 14 
Deduct reinsurance and return premiums, 12,000 88 

Net cash received for fire premiums, . . $39,983 26 

Interest received on mortgages, 360 00 

and dividends received from all other sources, . 7,365 78 

Income from rent, 470 00 

Profits on investments, . $19,057 75 



Gross cash income, $48,179 04 

Expenditures. 

Cash paid for fire losses, .... §24,988 32 
Deduct salvage and reinsurance, . . 2,226 54 

Net cash paid for fire losses, . . . c . 2,761 78 

Cash dividends paid 20,000 00 



1885.] 



INS. COS. OF OTHER STATES. 



137 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$9,236,560 00 
10,902,921 00 



$20,139,481 00 
9,901,683 00 

$10,237,798 00 
995,275 00 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$5,988 79 

12,650 00 

1,643 03 

9,838 41 

$72,882 01 



Premiums. 

$39,466 12 
53,266 00 

$92,732 12 
43,426 70 

§49,30.5 42 
6,683 73 



1,242,523 00 $42,621 69 



,646,498 00 

615,815 00 

405,000 00 

20,000 00 

22,815 00 

55,300 00 



AMERICAN FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated April 30, 1857. Commenced business May 1, 1857.] 

Paid-up Capital, §400,000. 

James M. Halsted, President. David Adee, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Delaware and Hudson Canal Co. bonds, 

stock, 
Consolidated Gas Company stock, 
Rensselaer and Saratoga Railroad stock, 
National Bank of Commerce stock, . 
American Exchange National Bank stock, 
Merchants' National Bank stock, 
Bank State of New York stock, . 
Third National Bank, New York, stock, 
Mercantile Trust Co., New York, stock, 
New York, West Shore Railroad stock, 



Par value. 

$600,000 00 
50,000 00 
20,000 00 
71,000 00 
40,000 00 
10,000 00 
25,000 00 
20,000 00 
4,000 00 
10.0C0 00 
10,000 00 
25,000 00 



Markft value. 

2,625 00 
59,000 00 
19,400 00 
69,580 00 
64,000 00 
15,800 00 
32,000 00 
26,400 00 

4,800 00 
10,000 00 
15,000 00 
25,000 00 



$885,000 00 $1,033,605 00 



138 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Securities held as collateral for cash loans : — 

Market valae. Loaned thereon 

20 shares Equitable Life Assurance Soc, . $5,000 00 $4,000 00 

350 " Delaware and Hudson Canal Co., 33,950 00 20,000 00 

20 " Real Estate Exchange, . . 2,000 00 1,500 00 

United States bonds, 20,305 00 15,000 00 



$61,255 00 $40,500 00 

Summary of Assets Dec. 31, 1885. 

Loans on mortgage of real estate (first liens) , $79,720 00 

Interest clue or accrued thereon. . . . 729 12 

Stocks, bonds, etc., as per schedule, . . 1,033,605 00 

Loans on collateral security, as per schedule, 40,500 00 

Cash in the office of the company, . . 84,944 92 

deposited in bank, .... 2,612 87 

Interest due and accrued, .... 1,210 40 

Premiums in course of collection (gross), . 18,317 41 
more than 3 months due, $1,636 82 

Gross assets,* f 1,261,639 72 

Liabilities. 

Losses adjusted, unpaid, .... $18,112 58 

claimed and reported, . . . 700 00 

Unearned premiums on outstanding risks, . 143,792 44 

Unpaid scrip ordered to be redeemed, . 2,679 00 

Interest due or accrued on scrip, . . 6,069 30 

Due for rent, 1,667 00 

Commissions and brokerage, . . . 1,995 42 

Return premiums, 195 09 

Gross liabilities, except capital and scrip, 175,210 83 

Surplus as regards policy-holders, .... $1,086,428 89 

Paid-up capital, $400,000 00 

Scrip outstanding, not ordered to be re- 
deemed, 300,857 00 



700,857 00 



Surplus over capital, $385,571 89 

Income. 

Cash received for fire premiums, . . . $305,149 19 
Deduct reinsurance and return premiums, 59,611 93 

Net cash received for fire premiums, . . $245,537 26 

Interest received on mortgages, 4,573 53 

and dividends received from all other sources, . 45,578 54 

Premium exchange, 1,038 05 



Gross cash income, §296,727 38 

* Including $200,000 Special Reserve Fund held under New York law. 



1885.] 



INS. COS. OF OTHER STATES. 



139 



Expenditures. 
Cash paid for fire losses, .... $116,23030 
Deduct salvage and reinsurance, . . 22,122 40 

Net cash paid for fire losses, 
Cash dividends paid, . 

paid for redemption of scrip, 
Interest paid scrip-holders, . 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rent and incidentals, 

Gross cash expenditures, .... 



$94,107 90 

40,000 00 

200 00 

11,505 80 

45,557 17 

37,821 92 

4,016 11 

23,939 94 

$257,148 84 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, 



Risks and Premiums. 

Premiums. 

.$52,120,371 00 $266,589 58 
. 70,468,507 00 311,019 71 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$122,588,878 00 $577,609 29 
. 60,679,821 00 254,050 04 



61,909,057 00 $323,559 25 
7,327,112 00 45,048 42 



. $54,581,945 00 $278,510 83 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company. 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$4,651,921 00 

1,497,656 00 

1,078,000 00 

40,000 00 

103,537 00 

114,650 00 



AMERICAN FIRE INSURANCE COMPANY, PHILADELPHIA, PA. 

[Incorporated February 28, 1810. Commenced business March 12, 1810.] 

Paid-up Capital, $400,000. 

Thomas H. Montgomery, Pres. Albert C. L. Crawford, Sec'y. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value' 

United States bonds, $250,000 00 $273,775 00 

Northern Pacific Railroad bonds, . v . 40,000 00 44,500 00 

Delaware Railroad bonds, .... 5,000 00 5,600 00 

Susquehanna Canal Company bonds, . . 7,000 00 1,750 00 



140 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



North Pennsylvania Railroad bonds, . 
Shamokin Valley and Pottsv. R. R. bonds, 
Philadelphia and Reading Railroad bonds, 
N. Y., Lackawanna & Western R. II. bonds 
Lehigh Coal and Navigation Co. bonds, 
Steubenville and Indiana Railroad bonds, 
Pennsylvania Car Trust bonds, . 
N. Y. and Pacific Car Trust bonds, 
Railway Car Trust of Pa. bonds, . 
Pennsylvania Car Trust bonds, . 
Louisville and Nashville Car Trust bonds, 
Schuylkill Navigation Company bonds, 
Pennsylvania Railroad bonds, 
Norfolk and Western Railroad bonds, . 
Philadelphia and Erie Railroad bonds, 
Huntingdon and B. T. M. Railroad bonds. 
Phila., Wil. and Baltimore Railroad bonds, 
Elmira and Williamsport Railroad bonds, 
New York and Long Branch Railroad b'ds, 
New York, L. E and Western R R. bonds, 
Delaware & R. C. & C. & A. R. R. bonds, . 
North Pennsylvania Railroad bonds, . 
Belt Road and Stock Yard Company bonds, 
Chicago and Western Indiana R. R. bonds, 
Phila. and Baltimore Cent. R. R bonds, 
Corning, Cowanesque & An^m R. R. bonds, 
Philadelphia and Reading Railroad bonds, . 
Delaware and Chesapeake Railroad bonds, 
Lehigh Valley Railroad bonds, . 
Texas and Pacific Railroad bonds, 
Virginia and Tennessee Railroad bonds, 

Georgia state bonds, 

100 shares North Penna. Railroad, 



Tar value. 

$50,000 00 

20,000 00 

146,000 00 

50,000 00 

40,000 00 

50,000 00 

50,000 00 

23,000 00 

20,000 00 

25,000 00 

10,000 00 

12,000 00 

55,000 00 

10,000 00 

20,000 00 

10,000 00 

10,000 00 

1,000 00 

15,000 00 

25,000 00 

24,000 00 

4,000 00 

20,000 00 

30,000 00 

25,000 00 

20,000 00 

2,600 00 

5,000 00 

5,000 00 

5,000 00 

25,000 00 

25,000 00 

5,000 00 



Market value. 

165,600 00 

25,000 00 

112,250 00 

62,000 00 

46,100 00 

53,250 00 

50,625 00 

23,134 16 

20,250 00 

25,104 16 

10,150 00 

11,760 00 

70,250 00 

9,800 00 

22,100 00 

9,000 00 

11,000 00 

1,050 00 

15,062 50 

24,625 00 

25,920 00 

5,080 00 

21,200 00 

33,300 00 

25,208 33 

21,600 00 

1,004 00 

4,483 33 

6,500 00 

5,300 00 

26,750 00 

26,500 00 

7,000 00 



81,138,600 00 $1,203,781 48 



Securities held as collateral for cash loans : — 

Market value. 

United States bonds, $3,753 75 ^ 

Camden and Atlantic Railroad bonds, . 1,180 00 > 

21 shares Lehigh Valley Railroad, . . 1,197 00 J 

110 " Pennsylvania Railroad, . . 5,981 25 

New Orleans Pacific Railroad bonds, . . 14,250 00 \ 

Texas and Pacific Railroad bonds, . . 7,535 00 > 

203 shares Charleston M. & M. Co., . . 37,555 00 J 

25 " Ins. Co. State of Pennsylvania, . 7,825 00 
18 " Pennsylvania Railroad, . . 978 75 

26 " Lykens Valley Railroad, . . 650 00 



> 



Loaned thereon. 

$5,000 00 

3,000 00 

42,500 00 

3,500 00 
800 00 



,905 75 $54,800 00 






1885.] 



INS. COS. OF OTHER STATES. 



141 



Summary of Assets Dec 

Cash value of unecumbered real estate, 
Loans on mort'ge of real estate (first liens *) 
Interest clue or accrued thereon, . 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule 
Cash in the office of the company, 

deposited in bank, ... 
Interest due and accrued, 
Premiums in course of collection (gross), 

Ground rents, 

Gross assets, . 
Deduct special deposit in Georgia, 



Balance, 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, 
Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, 



31, 1885. 

$137,100 00 

364,089 50 

7,202 94 

1,203,781 48 

54,800 00 

11,944 08 

101,912 49 

1,525 94 

28,478 35 

7,597 27 



$1,918,432 05 
26,500 00 



$1,891,932 05 



$40,515 83 

34,096 34 

29,699 30 

$104,311 47 

970 93 

$103,340 54 

612,620 63 

352,685 60 

732 00 

1,232 15 



1,070,610 92 

$821,321 13 
400,000 00 

$421,321 13 



Income. 

Cash received for fire premiums, . . . $1,157,335 04 
Deduct reinsurance and return premiums, . 148,518 48 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Income from miscellaneous, 

Deposits received for perpetual fire risks, . $32,053 75 



Gross cash income, 



$1,008,816 56 

18,750 23 

48,773 31 

4,167 98 



. $1,080,508 08 



* Value of lands mortgaged $227,315 00 

Value of buildings thereon, 483,350 00 

Amount of insurance held as collateral, . . 323,200 00 



1 12 FIRE, MARINE, AND FIRE-MARINE [Dec. 31 



$594,955 46 
16,838 54 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Deposits returned on perpetual fire risks, . $6,139 93 

Gross cash expenditures, 



8578,116 92 

27,713 00 

192,674 04 

131,403 54 

23,03;; 
2,019 52 



$954,960 54 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

$85,322,071 00 $1,017,811 21 
86,948,402 00 1,137,164 96 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$172,270,473 00 $2,154,976 17 
75,875,700 00 929,063 37 



$96,394,773 00 $1,225,912 80 
2,510,034 00 37,914 24 



$93,884,739 00 $1,187,998 56 



Perpetuals in force, (not included above), .$14,152,686 00 $378,876 05 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (7 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$11,040,261 00 

6,602,373 00 

2,280,975 00 

28,000 00 

571,785 00 

18,800 00 



ATLANTIC FIRE AND MARINE INSURANCE COMPANY, 
PROVIDENCE, R. I. 

[Incorporated May, 1852. Commenced business June, 1852.] 

Paid-up Capital, §200,000. 

J. S. Parish, President. T. W. Hayward, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

100 shares National Bank of Commerce, . $5,000 00 $5,400 00 

113 " Weybosset National Bank, . 5,650 00 7,006 00 

200 " Merchants' National Bank, . 10,000 00 12,400 00 

169 " Fourth National Bank, . . 16,900 00 21,125 00 



1885.] 



INS. COS. OF OTHER STATES. 



143 



10 shares R. I. Safe Deposit Company, 
143 " Chicago and Alton Railroad, 
200 " Michigan Central Railroad, 



Cash value of unencumbered real estate, 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, 
Premiums in course of collection (gross), 
Rents due and accrued, 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 

disputed or resisted, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, 
Due and accrued for rent, salaries, etc , 
Due for borrowed money, . 
Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



Par value. 


Market value. 


$1,000 00 


$1,100 00 


14,300 00 


20,020 00 


20,000 00 


14,600 00 


$72,850 00 


$81,651 00 


ic. 31, 1885. 




. $156,180 26 




81,651 00 




799 72 




7,552 05 




3,894 56 




3,310 74 






$253,388 33 




$3,117 99 




1,949 57 




1,500 00 




24,065 30 




248 00 




700 00 




5,000 00 




901 91 


37.489 77 



Surplus over capital, 

Income. 
Cash received for fire premiums, . . $47,929 51 
Deduct reinsurance and return premiums, . 6,114 83 

Net cash received for tire premiums, . . 

Cash received for marine and inPd prem's, $1,346 95 

Deduct reinsurance and return premiums, . 850 37 

Net cash rec'd for marine and inl'd prem's, 

Interest and dividends received from all sources, 
Income from rents, 

Gross cash income, 



^215,905 56 
200,000 00 

$15,905 56 



$41,814 68 



496 58 

3,768 71 

10,294 60 

$56,374 57 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash dividends paid, 



$25,232 13 
177 26 



$25,054 87 
13,773 30 



144 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for commissions and brokerage, . 

for salaries and incidental expenses, 
for State and local taxes, . 
for real estate expenses, 

Gross cash expenditures, 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



? 4,427,923 00 
4,519,754 00 

$8,947,677 00 
4,820,492 00 

§4,127,185 00 
105,200 00 



$8,275 03 

8,794 73 

1,357 44 

4,^77 67 

861,533 04 



Premiums. 

$54,74' 

48,460 49 

? 103,200 99 

53,884 89 

? 19,316 10 

1,185 51 



£4,021, 985 00 $ 48,1 30 59 



$5,146 00 
407,796 00 



8206 05 
1,417 81 



$412,942 00 
410,942 00 

§2,000 00 
00 



§1,623 86 
1,523 86 



>100 00 
100 00 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (7 per cent.) 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$3,412,519 00 

2,513,274 00 

391,000 00 

14,000 00 

23,447 00 

50,833 00 



ATLANTIC MUTUAL INSURANCE COMPANY, NEW YORK. 

[Incorporated April 11, 1842. Commenced business July 1, 1842.] 

John D. Jones, President. Joseph H. Chapman, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



American Exchange Bank stock, 
Bank of America stock, 
Bank of Commerce stock, . 
Bank of New York stock, . 



Par value. 

$76,800 00 

100,000 00 

64,100 00 

65,700 00 



Market value.* 

$69,120 00 

100,000 00 

64,100 00 

65,700 00 



* Estimated for the purpose of permanent iuvestment. 



1885.] 



INS. COS. OF OTHER STATES. 



145 



Leather Manuf. Bunk stock, 

Merchants 1 Bank stock, 

Mechanics' Bank stock, 

Manhattan Company Bank stock, 

Market Bank stock, 

Phenix Bank stock, 

New York state stock, 

New York city stock, . 

N. Y. Cent and H R. Railroad stock 

New York county bonds, 

N. Y. Cent. Railroad bonds, 

N. Y., L. E. and Western Railroad bonds, 

N. O., Jackson and Gt. Northern R.R. bonds 

Delaware and Hudson Canal bonds, 

Brooklyn city park bonds, . 

Jersey City water bonds, 

District of Columbia bonds, 

United States bonds, . 



Par value. 

$15,600 00 

70,150 00 

47,675 00 

18,000 00 

25,000 00 

41,100 00 

45,000 00 

300,600 00 

100,000 00 

100,000 00 

139,000 00 

100,000 00 

10,000 00 

50,000 00 

122,000 00 

100,000 00 

369,000 00 

8,360,000 00 



Market value. 

$15,600 00 

70,150 00 

47,675 00 

18,000 00 

22,500 00 

36,990 00 

45,000 00 

280,600 00 

80,000 00 

100,000 00 

118,150 00 

80,000 00 

10,000 00 

45,000 00 

109,800 00 

100,000 00 

258,300 00 

7,298,000 00 



$10,319,725 00 $9,034,685 00 



Securities held as collateral for cash loans 

Importers' and Traders' Bank stock, . 
St. Louis and I. M. Railroad bonds, . 
Consolidated Gas Company stock, 
Cent. Park, N. and E. R. Railroad stock, 
Adams Express Company stock, 
Chicago and Northwestern Railroad stock 
Fourth National Bank stock, 
Jersey City bonds, .... 
Rensselaer and Saratoga Railroad stock, 
National Bank of Commerce stock, . 
Morris and Essex Railroad stock, 
Chatham National Bank stock, . 
Brooklyn City Railroad stock, 
Rensselaer and Saratoga Railroad stock, 
Brooklyn Gas Light Company, stock, 
United States bonds, .... 



Market value. 

$7,500 00 

21,000 00 

10,000 00 

7,000 00 

7,000 00 

4,500 00 

2,000 00 

2,000 00 

140,000 00 

20,000 00 

10,000 00 

9,000 00 

33,000 00 ^ 

50,000 00 

37,000 00 

67,500 00 



} 



} 



i 



Loaned thereon. 

$2,500 00 

22,000 00 

5,000 00 

9,000 00 

1,600 00 

100,000 00 

2,500 00 
6,000 00 

80,000 00 

60,000 00 



$427,500 00 $288,600 00 



Summary of Assets Dec. 31, 1885. 



Cash value of unencumbered real estate, . 
Stocks, bonds, etc.. as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Notes taken for marine and inland risks, . 

All other assets, 

Gross assets, 



$250,000 00 
9,034,685 00 

288,600 00 
1,378,897 88 
1,508,143 58 

280,000 00 



$12,740,326 46 



146 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Return premiums, .... 
Miscellaneous items, .... 
Gross liabilities, except scrip, 



$120,346 09 

1,648,577 91 

45,500 00 

1,426,049 46 

201,000 00 

15,415 75 

163,687 43 

16,479 17 



Surplus as regards policy-holders, 
Scrip outstanding, not ordered to be redeemed, . 

Surplus over scrip, 

Income. 

Cash received for marine and inlM prem's, . $3,794,139 19 
Deduct reinsurance and return premiums, . 424,727 89 

Net cash rec'd for marine and inl'd prem's, 

Interest and dividends received from all sources, 

Rent, 

All other income, 



$3,637,055 81 

$0,103,270 65 
7,32 1,390 00 

$1,781,880 65 



$3,369,411 30 

567,633 83 

12,627 78 

40,316 83 



Gross cash income, 



. $3,989,989 74 



Expenditures. 

Cash paid for marine and inland losses, . $1,915,020 67 
Deduct salvage and reinsurance, . . 46,705 27 

Net cash paid for marine and inland losses, 

Cash paid for redemption of scrip, 

Interest paid scrip-holders, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, . 

for State and local taxes, . 

Gross cash expenditures, .... 



$1,868,315 40 

1,329,920 00 

433,419 80 

19,735 38 

373,343 77 

51,299 23 

. $4,076,033 58 



Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1884, $93,772,429 00 $1,339,525 10 
written during 1885, . 334,197,949 00 3,856,618 66 



Total, $427,970,378 00 $5,196,143 76 

Deduct risks expired and terminated, . 329,703,912 00 3,770,094 30 



In force at end of year, 



$98,266,466 00 $1,426,049 46 



1885.] 



INS. COS. OF OTHER STATES. 



147 



BOATMAN'S FIRE AND MARINE INSURANCE COMPANY, 

PITTSBURGH, PENN. 

[Incorporated March 20, 1865. Commenced business May 23, 1865.] 

Paid-up Capital, $250,000. 

Oliver P. Scaife, President. Henry H. Schenck, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. 

Erie and Pittsburgh Railroad stock, . . $15,000 00 

Merchants' and Manuf. Nat'l Bank stock, . 2,500 00 

Exchange National Bank stock, . . . 5,450 00 

Pitts., Allegheny and Manch. R. R. bonds, . 5,800 00 

Citizens' National Bank stock, . . . 4,650 00 

Iron City National Bank stock, . . . 2,000 00 

People's Savings Bank stock, . . . 1,300 00 

Safe Deposit Company stock, . . . 2,250 00 

City Insurance Company stock, . . . 1,250 00 
Monongahela Water Company stock, . . 950 00 

Union Switch and Signal Company stock, . 5,350 00 

Pittsburgh, Cin. and St. Louis R. R. bonds, 65,000 00 

City of Pittsburgh bonds, .... 22,000 00 

Allegheny Valley Railroad bonds, . £ 32,400 00 

Erie and Pittsburgh Railroad bonds, . . 5,000 00 

Pitts., Allegheny and Manch. R. R. bonds, . 8,500 00 

Point Bridge Company bonds, . . . 1,700 00 

Liberty School District bonds, . . . 2,000 00 

North Side Bridge Company bonds, . . 18,000 00 
Allegheny Valley Railroad scrip, . . 87 55 

Safe Deposit Company (new) stock, . . 7,750 00 

Connellsville Water Company bonds, . . 5,000 00 



Market value. 

$16,500 00 

2,500 00 

8,720 00 

8,700 00 

5,580 00 

3,520 00 

1,885 00 

2,700 00 

1,375 00 

1,520 00 

642 00 

79,950 00 

26,595 00 

17,820 00 

5,500 00 

9,215 00 

1,751 00 

2,260 00 

19,800 00 

13 13 

4,650 00 

5,100 00 



$213,937 55 $226,296 13 



Securities held as collateral for cash loans : — 



Monongahela Navigation Company stock, . 
Union Switch and Signal Company bonds, . 



Market value. 

$11,070 00 
4,500 00 



Loaned thereon. 

$10,000 00 
3,000 00 



$15,570 00 $13,000 00 



Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $(36,404 66 
Loans on mortgage of real estate (first liens*), 69,053 34 
Interest due or accrued thereon, . . . 668 81 



* Value of lands mortgaged, .... $79,200 00 
Value of buildings thereon, .... 117,100 00 
Amount of insurance held as collateral, . . 52,000 00 



148 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Stocks, bonds, etc , as per schedule, . . $226,296 13 

Loans on collateral security, as per schedule, 13,000 00 

Cash in the office of the company, . . 2,837 44 

deposited in bank, .... 28,756 24 

Premiums in course of collection (gross), . 23,353 27 

Notes taken for marine and inland risks, . 250 00 

Rents, etc., 1,519 21 

Premiums more than 3 months due, $1,911 89 

Gross assets, 



$432,139 10 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 

Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
State and local taxes, .... 
Commissions and brokerage, 
Return premiums and reinsurance, 
Gross liabilities, except capital, . 

Surplus as regards policy-holders 
Paid-up capital, 



Surplus over capital, 



$8,957 74 
14,566 55 
10,143 28 

$33,667 57 
1,056 18 

$32,611 39 

103,588 57 

1,009 02 

5,219 51 

5,043 27 

136 13 



147,607 89 

$284,531 21 

250,000 00 

$34,531 21 



Income. 

Cash received for fire premiums, 
Deduct reinsurance and return premiums, 
Net cash received for tire premiums, . 
Cash received for marine and inl'd prem's, 
Deduct reinsurance and return premiums, 

Net cash rec'd for marine and inl'd prem's, 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 

from all other sources, 



$220,703 28 
31,535 89 

$12,738 31 
6,166 14 



Gross cash income, 



$189,167 39 



6,572 17 
3,599 35 
12,682 10 
3,596 20 
1,942 57 

$217,559 78 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 

for marine and inland losses, 



$118,080 40 
2,560 11 



$115,520 29 
3,598 41 



1885.] 



INS. COS. OF OTHER STATES. 



Ui 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



Gross cash expenditures, 



$37,035 80 

10,-537 93 

4,774 73 

12,036 58 

$183,503 74 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums 

$9,826,057 00 $143,071 55 
15,397,706 00 225,220 72 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 

Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total 

Deduct risks expired and terminated, . 

In force at end of year, 



$25,223,763 00 $368,292 27 
11,303,356 00 161,206 91 



13,920,407 00 $207,085 36 
445,958 00 6,465 47 



$ 13,474,449 00 $200,619 89 



$36,691 00 
819,269 00 

$855,960 00 
834,460 00 



$2,477 55 
6,919 42 

$9,396 97 
8,088 97 



>21,500 00 $1,308 00 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, 



$1,517,220 00 

884,211 00 

204,607 00 

121,277 00 

3,814 00 

45,300 00 



BUFFALO GERMAN INSURANCE COMPANY, BUFFALO, N. Y. 

[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.] 

Paid-up Capital, $200,000. 

Philip Becker, President. Oliver J. Eggert, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $260,000 00 $304,200 00 

Buffalo, N.Y and Phila. Railroad bonds, . 52,000 00 52,000 00 

German Young Men's Association bonds, . 25,000 00 25,000 00 



150 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Tonawanda Gas Light Company bonds, 
Buffalo city warrants, .... 



Par value. Market value. 

15,000 00 f 15,000 00 

7,590 40 7,596 40 



$359,596 40 $403,796 40 



Securities held as collateral for cash loans : — 

Market value. 

Citizens' Gas Company, Buffalo, bonds, . $34,000 00 

Village of Suspension Bridge bonds, . . 2,000 00 

Citizens' Gas Company, Buffalo, bonds, . 10,000 00 

German Young Men's Asso., Buffalo, bonds, 60,000 00 

Third National Bank, Buffalo, stock, . . 5,000 00 

German Bank, Buffalo, stock, . . . 7,500 00 

Union Fire Ins. Co., Buffalo, stock, . . 2,200 00 

Firemen's Fund Ins. Co., San Francisco, stock, 3,000 00 

Manuf. and Traders Bank, Buffalo, stock", . 3,000 00 



} 



Loaned thereon. 

$27,000 00 
10,000 00 

50,000 00 
10,000 00 

1,800 00 
2,000 00 
2,000 00 



$126,700 00 $102,800 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $275,000 00 

Loans on mort'ge of real estate (first liens*), 163,925 00 

Interest due or accrued thereon, . . . 1,089 16 

Stocks, bonds, etc , as per schedule, . . 403.796 40 

Loans on collateral security, as per schedule, 102,800 00 

Cash in the office of the company, . . 3,557 22 

deposited in bank, .... 140,899 00 

Interest due and accrued, .... 1,620 00 

Premiums in course of collection (gross), . 42,733 26 

Notes taken for marine and inland risks, . 687 57 

Gross assets,f . . . . 



$1,136,107 61 



Liabilities. 

Losses adjusted, unpaid, .... $5,854 61 

claimed and reported, . . . 15,857 10 

disputed or resisted, . . . 1,112 37 

Unearned premiums on outstanding risks, 275,749 14 

Commissions and brokerage, . . . 7,159 00 

Gross liabilities, except capital, . . 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, 



305,732 22 

$830,375 39 
200,000 00 

$630,375 39 



* Value of lands mortgaged, $258,589 00 

Value of buildings thereon, .... 193,22500 
Amount of insurance held as collateral, . . 136,214 00 
t Including $200,000 Special Reserve fund held under New York law. 



1885.1 



INS. COS. OF OTHER STATES. 



151 



Income. 

Cash received for fire premiums, . . $489,828 15 
Deduct reinsurance and return premiums, . 93,227 08 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 

Income from rents, 

from brokerage, 



Gross cash income, 



$396,601 07 

8,357 26 

21,636 89 

14,951 97 

2,214 67 

$443,761 86 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, - 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

for expense on real estate, . 

Gross cash expenditures, . . . . 



$221,494 96 
1,221 50 



$220,273 46 
30,000 00 
79,057 40 
19,570 58 

9,429 90 
17,092 71 

6,487 93 

$381,911 98 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 



Risks and Premiums. 

Premiums. 

. $48,922,255 00 $507,580 28 
. 44,638,735 00 485,968 18 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



. $93,560,990 00 $993,548 46 
. 41,965,801 00 450,006 20 



.$51,595,189 00 $543,542 26 
884,320 00 7,820 77 



.$50,710,869 00 $535,721 49 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (15 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$4,081,158 00 

1,938,622 00 

465,925 00 

30,000 00 

211,507 00 

67,500 00 



152 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



CALIFORNIA INSURANCE COMPANY, SAN FRANCISCO, CAL. 

[Incorporated February, 1861. Commenced business February, 1861.] 

Paid-up Capital, $600,000. 

C. T. Hopkins, President. L. L. Bromwell, Secretary. 



Detailed Statement of Stocks, 



United States bonds, . 
Oakland Gas Company bonds, 
Los Angeles Gas Company bonds, 
Northern Pacific Railroad bond?, 
Spring Valley Water Company bonds 
Pacific Rolling Mill Company bonds, 
272 shares Bank of California, 
300 " First National Bank, . 
551 " Oakland Bank of Savings, 
200 " Grangers 1 Bank, . 
100 " California Wire Works, 
200 " Pacific Rolling Mills, . 
150 " Safe Deposit and Trust Co 
200 " Wells, Fargo and Company, 
250 " Geary, St. P and O. Railroad, 
200 " London, Paris and Am. Bank, 
500 " Oakland Gaslight and Heat Co., 
500 " Spring Valley Water Company, 
300 " Merced Security Savings Bank, . 



I 



Bonds, etc 

I'ar value. 

160,000 00 
25,000 00 
15,000 00 
35,000 00 
24,000 00 
9,000 00 
27,200 00 
30,000 00 
27,550 00 
20,000 00 
10,000 00 
20,000 00 
15,000 00 
20,000 00 
25,000 00 
20,000 00 
50,000 00 
50,000 00 
30,000 00 



Market value. 

$198,400 00 
25,750 00 
15,750 00 
39,900 00 
29,340 00 

9,450 00 
44,880 00 
36,000 00 
31,407 0') 
12,000 00 

6,000 00 
18,000 00 

6,900 00 
24,000 00 
26,125 00 
18,200 00 
16,750 00 
48,000 00 

7,800 00 



§612,750 00 $614,652 00 



Securities held as collateral for cash loans : — 
California Dry Dock bonds, . 



Market value. Loaned thereon. 

$2,100 00 J 1,000 00 



Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $135,632 55 
Loans on mortgage of real estate (first liens*), 9,000 00 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 

deposited in bank, .... 
Interest due and accrued, .... 



614,652 00 


1,000 00 


13,639 28 


159,970 50 


10,546 57 


. $12,500 00 


7,600 00 


5,000 00 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



1885.] 



INS. COS. OF OTHER STATES. 



153 



Premiums in course of collection (gross), . $53,865 09 
Notes taken for marine and inland risks, . 12,407 53 

Gross assets $1,010,713 52 

Deduct special deposit in Oregon, 62,000 00 



Balance, 



$948,713 52 



Liabilities. 
Losses adjusted, unpaid, . 
disputed or resisted, 
Unearned premiums on outstanding risks, . 
Commissions and brokerage, . . 

Gross liabilities, except capital, . 
Deduct liabilities, on special deposit, . 

Balance, 

Surplus as regards policy-holders, 
Paid-up capital, 



$24,809 00 

900 00 

254,761 73 

7,507 97 



287,978 70 
6,215 23 



Surplus over capital, . 



281,763 47 

$666,950 05 
600,000 00 

$66,950 05 



Income. 

Cash received for fire premiums, . . $415,283 37 
Deduct reinsurance and return premiums, . 141,999 08 

Net cash received for fire premiums, . . 

Cash received for marine and inl'd prem's, $118,819 23 
Deduct reinsurance and return premiums, . 33,146 91 

Net cash received for marine and inl'd prem's, 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, 



$303,284 29 



85,672 32 

557 65 

30,742 17 

6,970 00 

$427,226 43 



Expenditures. 
Net cash paid for fire losses, 
Net cash paid for marine and inland losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees 

for State and local taxes, . 

for rent and incidentals, 

for travelling and adjusting expenses, 



$237,066 12 

27,173 19 

54,000 00 

51,846 20 

30,154 68 

13,776 12 

26,271 02 

17,265 75 



Gross cash expenditures, 



$457,553 08 



154 FIRE, MARINE, AND F1RE-MARIXE [Dec. 31, 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . .$30,954,447 00 $447,037 82 



written during 1885, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 

Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



32,865,082 00 444,993 53 



$63,819,529 00 $892,030 85 
32,017,111 00 441,099 63 



$31,802,418 00 $450,931 22 
4,202,176 00 61,822 88 



$27,600,242 00 $389,108 34 

$703,873 00 $18,630 21 
6,854,253 00 114,860 98 



$7,558,126 00 $163,491 19 
6,392,910 00 94,428 45 



$1,165,216 00 $69,062 74 
269,579 00 14,638 44 



$895,637 00 $54,424 30 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (9 per cent.), 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



$4,824,677 00 

2,352,209 00 

1,006,200 00 

54,000 00 

222,106 00 

28,923 00 

68,000 00 



CITIZENS' INSURANCE COMPANY, CINCINNATI, O. 

[Incorporated Jan. 21, 1851. Commenced business March 12, 1858.] 

Paid-up Capital, §200,000. 

F. X. Reno, President. Jno. B. Abernathy, Secretary. 



Detailed Statement of Stocks, 

104 shares First National Bank, Cin , . 

225 

130 

150 

188 

300 ' 
100 ' 
271 
10 ' 



Third National Bank, Cin., 
Fourth National Bank, Cin., 
National Laf. Bank, Cin., . 
Cin. St. Railway Company, 
Cleve. and Pitt. Railroad, . 
Cin., Ham. and Dayton Railroad 
Cin. Gas Light and Coke Co., 
Security Ins. Co. of Cin., . 



Bonds, etc. 

Par value. 

£10,400 00 
22,500 00 
13,000 00 
15,000 00 

9,400 00 
15,000 00 
10,000 00 
27,100 00 

1,000 00 



Market value. 

|25,896 00 

27,000 00 

21,450 00 

30,000 00 

9,400 00 

21,900 00 

9,600 00 

52,574 00 

850 00 



1885.] 



INS. COS. OF OTHER STATES. 



155 



United States bonds, 

Hamilton Co. Court House Rebuilding bonds, 
Hamilton Co. Ohio, Expense bonds, . 
Cin., Hanc. and Ind. Railroad bonds, . 



Par value. 

$13,500 00 

15,000 00 

1,500 00 

2,000 00 



Market value. 

$16,740 00 

15,450 00 

1,635 00 

2,280 00 



$155,400 00 $234,775 00 



Summary of Assets Dec. 31, 1885. 



Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, 
Premiums in course of collection (gross), 
Notes taken for fire and inland risks, . 
Gross assets, 

Liabilities. 

Losses adjusted, unpaid 

claimed and reported, 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Commissions and brokerage, 
Due other companies, .... 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$234,775 00 

581 70 

21,854 60 

7,372 82 

6,451 26 



$61 31 
671 25 
24,727 47 
355 84 
121 32 
1,971 90 



Surplus over capital, 



Income. 

Cash received for fire premiums, . . $61,685 45 

Deduct reinsurance and return premiums, . 22,826 23 

Net cash received for fire premiums, . . 

Cash received for inland premiums, . . $5,091 10 

Deduct reinsurance and return premiums, . 825 24 

Net cash received for inland premiums, . 

Interest and dividends received from all sources, 
Received for increased capital, $100,000 

Gross cash income, 



$271,035 38 



27,909 09 

5243,126 29 
200,000 00 

$43,126 29 



$38,859 22 

4,265 86 
10,042 78 

$53,167 86 



Expenditures. 
Cash paid for fire losses, 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 
Cash paid for inland losses, . 
Deduct salvage and reinsurance, 
Net cash paid for inland losses, . 
Cash dividends paid, . 



$23,431 70 
2,794 19 

$4,615 45 
36 22 



$20,637 51 



4,579 23 
8,000 00 



156 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 



Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 

Total 

Deduct risks expired and terminated, . 

In force at end of }'ear, 
Deduct amount reinsured, . 

Net amount in force, . . . 

Inland risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 



M ,629,586 00 
4,716,926 00 



$6,346,512 00 

2,077,853 00 

? 1,268,659 00 

1,055,182 00 



$46,150 00 

109,895 00 

J156,045 00 

129,545 00 



Miscellaneous. 
Cash dividends declared from organization of company, 
Dividends declared during the year (4 per cent.), 
Fire losses incurred during the year, .... 
Inland losses incurred during the year, 
Company's stock owned by directors, .... 



$5,738 22 

7,885 00 

325 44 

3,421 00 

$50,086 40 



Premiums. 

$24,124 79 

66,669 66 

|9O,704 45 

27,693 13 

$63,101 32 
15,877 39 



$3,213,477 00 $47,223 93 



$4,534 50 
3,131 63 



$7,666 13 
5,788 63 



$26,500 00 $1,877 50 



$76,000 00 
8,000 00 

17,702 00 
3,546 00 

19,840 00 



CITIZENS' INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated April, 1836. Commenced business April, 1837.] 

Paid-up Capital, §300,000. 

James M. McLean, President. Frank M. Parker, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Lake Shore and Mich. So. Railroad bonds, 
Union Trust Company stock, 
National Citizens' Bank stock, 
National Bank of Commerce stock, . 
Union Pacific Railroad stock, 



Par value. 

$350,000 00 
50,000 00 
10,000 00 
24,500 00 
10,000 00 
20,000 00 



Market value. 

$415,125 00 

65,000 00 

36,000 00 

30,625 00 

16,0D0 00 

11,100 00 



1885.] 



INS. COS. OF OTHER STATES. 



157 



N. Y. Cent, and H. R. Railroad stock, 
Virginia bonds, .... 
Mo., Kansas and Texas bonds, . 



Securities held as collateral for cash loans 



Butchers' and Drovers' Bank stock, . 

National Citizens' Bank stock, . 

Manhattan Life Insurance stock, . . 

L. S. and Mich. So. Railroad bonds, . 

N. Y., Lack, and Western Railroad bonds, 

St L., I. M. and Southern Railroad bonds 

Western Union Tel. stock, . 

Chicago and Northwestern R. R. stock, 

Missouri Pacific Railroad stock, . 

Michigan Central Railroad stock, 

N. Y., W. S. and Buffalo Railroad bond, 



Par value. 

$10,000 00 
10,000 00 
25,000 00 



Market value. 

$10,600 00 

2,500 00 

26,450 00 



$509,500 00 $613,400 00 



Market value. 

$1,500 00 
20,125 00 

2,500 00 
52,000 00 

4,160 00 
31,000 00 

9,620 00 
22,000 00 
11,300 00 
22,800 00 
10,000 00. 



Loaned thereon. 

$'J00 00 

16,000 00 

1,000 00 

38,000 00 

2,500 00 

50,000 00 



35,000 00 



Summary of Assets Dec. 

Cash value of unencumbered real estate, . 
Loans on mortgages of real estate (first liens*) 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, 
Premiums more than 3 months due, $452 45 

Gross assets, 

Deduct special deposits in other States, 



Balance, 



$187,005 00 $143,400 00 

31, 1885. 

$107,000 00 

56,900 00 

284 50 

613,400 00 

143,400 00 

4,148 58 

81,209 11 

4,750 61 

72,179 70 

892 51 



$1,084,165 01 
56,875 00 

$1,027,790 01 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, . 

Net amount of unpaid losses, 



$21,613 78 

32,562 08 

10,251 82 

$64,427 68 

250 00 

$64,177 68 



* Value of lands mortgaged, . . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$50,500 00 
69,500 00 
45,200 00 



158 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, 
Due and accrued for rent, salaries, etc , 
State and local taxes, .... 
Commissions and brokerage, 
Return premiums, .... 

Gross liabilities, except capital, . 
Deduct liability on special deposits, . 



Balance, 



Surplus as regards policy-holders, 
Paid-up capital, 



$406,052 04 
163 10 

1,500 00 
750 00 

3,992 64 
600 00 

$477,225 46 
15,436 63 



Surplus over capital, 



$461,788 83 

$566,001 18 
300,000 00 

$266,001 18 



Income. 

Cash received for fire premiums, . . $732,887 46 
Deduct reinsurance and return premiums, . 102,470 04 

Net cash received for fire premiums, . . 630,417 42 

Interest received on mortgages, 3,978 67 

and dividends received from all other sources, . 28,57153 

Income from rent, • . . 5,038 01 

Profit on sale of real estate, 7,101 55 

Gross cash income, $675,107 18 






Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, — 

Cash dividends paid, 

paid for commissions and brokerage, . 

for salaries of officers and employees, 
for State and local taxes, 
for rent and incidentals, 

Gross cash expenditures, .... 



$384,705 66 
7,893 12 



$376,812 54 
29,946 80 

117,766 95 
53,068 55 
18,775 68 

108,401 92 



$704,772 44 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

$86,160,031 00 $804,281 ^8 
82,593,521 00 745,154 96 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



1168,753,552 00 $1,549,436 94 
81,974,842 00 759,015 93 



$86,778,710 00 $790,421 01 
3,436,698 00 20,763 49 



$83,342,012 00 $769,657 52 



1885.] 



INS. COS. OF OTHER STATES. 



159 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 percent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



^8,780,192 00 
4,077,528 00 
1,700,550 00 

30,000 00 
385,664 00 

53,760 00 



CITIZENS' INSURANCE COMPANY, PITTSBURGH, PENN. 

[Incorporated March 7, 1849. Commenced business March, 1850.] 

Paid-up Capital, $ 500,000. 

Wm. G. Johnston, President. Walter Morris, Secretary. 



Detailed Statement of Stocks, 



Allegheny City bonds, . 
Allegheny county bonds, 
United States bonds, .... 
Pittsburgh and Birm. Pass. Railway bonds 
Pittsburgh and Connellsville R R. bonds, 
Springfield school bonds, 
Howard school bonds, .... 
Sixth Ward (Allegheny) school bonds, 
German Evangelical Prot. Church bonds, 
Point Bridge bonds, .... 
Pittsburgh, N. C. and L. E. Railroad bonds 
100 shares First Nat'l Bank, Allegheny, 
100 ' 

10 

15 

20 

31 
100 

90 
200 

25 

56 
100 
100 
200 
142 
100 
100 

25 
100 

25 



Safe Deposit Company, 
Eagle Cotton Mills, . 
N. Y. and Cleve. Gas Coal Co., 
Allegheny Insurance Company 
Lawrence Railroad, . 
Allegheny Suspension Bridge, 
Birmingham Insurance Co., 
Pittsb'h. McK. and Yough. R. R. 
Monongahela Insurance Co. 
First Nat'l Bank (Pittsburgh), 
Masonic Bank, . 
Citizens' National Bank, 
Allegheny National Bank, 
Duquesne National Bank, 
Third National Bank, . 
Marine National Bank, 
Mechanics' National Bank, 
Metropolitan National Bank, 
German Nat'l Bank (Allegheny) 



Bonds, etc. 

Tar value. 

$5,000 00 

1,000 00 

21,000 00 

1,500 00 

1,000 00 

4,000 00 

8,000 00 

5,000 00 

5,000 00 

3,500 00 

3,000 00 

10,000 00 

5,000 00 

1,000 00 

750 00 

1,000 00 

1,550 00 

2,500 00 

4,500 00 

10,000 00 

1,250 00 

5,600 00 

5,000 00 

5,000 00 

10,000 00 

14,200 00 

10,000 00 

10,000 00 

1,250 00 

10,000 00 

2,500 00 



Market value 

$5,250 00 

1,150 00 

25,840 00 

1,725 00 

1,100 00 

4,040 00 

8,320 00 

6,250 00 

5,200 00 

3,665 00 

3,585 00 

17,800 00 

5,100 00 

500 00 

850 00 

1,100 00 

1,922 00 

8,000 00 

4,500 00 

10,400 00 

1,275 00 

9,856 00 

5,000 00 

6,500 00 

13,000 00 

17,750 00 

15,500 00 

10,200 00 

2,500 00 

10,000 00 

2,875 00 



169,100 00 $210,753 00 



160 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans : - 
89 shares Masonic Bank, . 



50 " Fifth Avenue Bank, . 
5 " Mechanics 1 National Bank, 

14 " Iron City National Bank, . 
35 " People's Insurance Company, 

United States bond?, .... 

15 shares Marine National Bank, 

25 " City Insurance Company, . 

77 " Allegheny Gas Company, . 
250 " Pittsb'h Nat'l B'k of Commerce 

80 " Union Insurance Company, 
P. C. and St. L. Railroad bonds, . 
Mt. Oliver Inc. Plane Company bonds, 
120 shares Monongahela Insurance Co., 

71 " Monongahela Inc. Plane Co., 
269 " Allegheny Gas Company, . 

10 " Citizens' National Bank, . 

30 " Armenia Insurance Company, 

23 M German Nat'l B'k (Allegheny) 
100 " Fifth Nat'l Bank, 
5 " Guar. Co. of N. A., . 



Market value. 
$4,450 O'O 
2,500 00 I 
500 00 j. 
1,400 00 I 
2,660 00 j 
6,150 00 
1,500 00 
1,400 00 
3,<)80 00 
35,000 00 
4,000 00 
1,800 00 
2,000 00 
6,000 00 
4,615 00 
10,760 00 
650 00 
2,500 00 
2,645 00 
12,000 00 
250 00 

105,860 00 



} 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $108,000 00 
Loans on mortgage of real estate (first liens*), 230,649 97 

Interest due or accrued thereon, . . . 4,027 71 

Stocks, bonds, etc., as per schedule, . . 210,753 00 

Loans on collateral security, as per schedule, 75,699 00 

Cash in the office of the company, . . 4,253 48 

deposited in bank, .... 25,351 59 

Interest due and accrued, . . . . 621 66 

Premiums in course of collection (gross), . 23,341 54 

Notes taken for inland risks, . . . 910 00 

Rent due and accrued, 555 83 

Gross assets, 

Liabilities. 

Net amount of unpaid losses, . . . $30,777 91 

Unearned premiums on outstanding risks, . 147,225 90 

Due and accrued for rent, salaries, etc., . 500 00 

Gross liabilities, except capital, . . 



Loaned thereon. 



$10,699 00 



5,000 00 
950 00 
1,000 00 
2,100 00 
18,000 00 
3,200 00 

2,500 00 

5,000 00 

3,550 00 

9,500 00 

500 00 

1,500 00 

2,000 00 

10,000 00 

200 00 

175,699 00 



$684,163 78 



178,503 81 



Surplus as regards policy-holders, . . . $505,659 97 
Paid-up capital, 500,000 00 



Surplus over capital, 



?o,659 97 



* Total value of property mortgaged, . . . $652,800 00 
Amount of insurance held as collateral, . . 212,850 00 



1885.] 



INS. COS. OF OTPIER STATES. 



161 



Income. 

Cash received for fire premiums, . . $251,039 61 
Deduct reinsurance and return premiums, . 28,200 42 

Net cash received for fire premiums, . . 

for inland premiums, 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, 

Expenditures. 

Net cash paid for fire losses, .... 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 
Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 

Inland risks outstanding Dec. 31, 1884 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$17,841,627 00 
24,206,765 00 

$12,048,392 00 
18,729,147 00 

$23,319,245 00 
344,079 00 



$222,779 19 

3,881 77 

13,392 66 

14,234 28 

4,909 46 

$259,197 36 



$116,998 86 
15,000 00 
46,454 23 
11,832 42 
8,272 77 
30,840 64 

$229,398 92 



Premiu ms 

$213,485 11 

258,786 95 

1472,272 06 
194,540 86 



$277,731 20 
4,296 54 



$22,975,166 00 $273,434 66 



$42,250 00 
258,155 00 

$300,405 00 
255,905 00 

$44,500 00 
6,000 00 



}2,717 50 
3,881 77 



56,599 27 
3,859 27 



52,740 00 
385 00 



$38,500 00 $2,355 00 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Cash dividends declared from organization of company, 

Dividends declared during the year (3 per cent.), 

Fire losses incurred during the year, .... 

Inland losses incurred during the year, 

Company's stock owned by directors, .... 



1,058,700 00 

896,646 00 

634,000 00 

15,000 00 

133,337 00 

1,500 00 

105,150 00 



162 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



CITIZENS 1 INSURANCE COMPANY, ST. LOUIS, MO. 

[Incorporated Feb. 2, 1837. Commenced business Feb., 1837.J 

Paid-up Capital, $200,000. 

J. B. M. Kehlor, President. John P. Harrison, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. 

No. Missouri Railroad bonds, . . . $100,000 00 : 

Laclede Gas Light Company bonds, . . 35,000 00 

Venice Elevator Company bonds, . . 32,000 00 

Advance Elevator Compan} 7 bonds, . . 10,000 00 

St Louis Chamber of Commerce bonds, . 12,000 00 

St. Joseph city bonds, 15,000 00 

St. Louis Grain Elevator bonds, . . . 10,000 00 

Laclede Gas Light Company stock, . . 22,000 00 

Valley Elevator Company stock, . . . 20,160 00 



Market value. 

Ul 2,500 00 
35,875 00 
32,160 00 
10,050 00 
12,000 00 
12,000 00 
10,700 00 
19,840 00 
13,000 00 



$256,160 00 $258,125 00 
Securities held as collateral for cash loans : — 

Market value Loaned thereon. 

East St. L. Elevator Company, . . . $100,000 00 $75,000 00 

Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $11,600 00 

Loans on mortfge of real estate (first liens*), 56,500 00 

Interest due and accrued thereon, . . • 405 00 

Stocks, bonds, etc., as per schedule, . . 258,125 00 

Loans on collateral security, as per schedule, 75,000 00 

Cash in the office of the company, . . 3,890 34 

deposited in bank, .... 17,230 98 

Interest due and accrued, . . . . 815 00 

Premiums in course of collection (gross), . 13,737 25 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, . . • . . $3,626 00 

claimed and reported, . . . 4,531 00 

disputed or resisted, . . . . 1,500 00 

Unearned premiums on outstanding risks, . 45,929 90 

Commissions and brokerage, . . . 2,514 00 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$437,303 57 



Surplus over capital, 



58,100 90 

$379,202 67 
200,000 00 

$179,202 67 



* Value of lands mortgaged $30,000 00 

Value of buildings thereon 130,000 00 

Amount of insurance held as collateral, . . 65,000 00 



1885.] 



INS. COS. OF OTHER STATES. 



163 



Income. 
Cash received for fire premiums, . . $95,131 75 
Deduct reinsurance and return premiums, . 12,761 50 

Net cash received for fire premiums, . . 

Cash received for inland premiums, . . $4,447 60 

Deduct reinsurance and return premiums, . 738 12 

Net cash received for inland premiums, . 

Interest received on mortgages, 

and dividends received from all other sources, 

Gross cash income, 



52,370 25 



3,709 48 

3,954 00 

15,422 30 

$105,456 03 



Expenditures. 

Net cash paid for fire losses, .... 
for inland losses, .... 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 



$43,695 43 
1,112 16 
12,000 00 
15,787 00 
7,000 00 
5,350 60 
5,754 16 



$90,699 35 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

$4,974,811 00 $71,010 00 
7,782,523 00 94,445 52 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 

Inland risks written during the year, . 
Deduct risks expired and terminated, 



Miscellaneous. 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Fire losses incurred during the year, . 
Inland losses incurred during the year, 
Company's stock owned by directors, 



$12,757,334 00 $165,455 52 
6,311,570 00 73,041 17 



1,445,764 00 $92,414 35 
100,000 00 1,796 35 



$6,345,764 00 


$90,618 00 


$710,578 00 
710,578 00 


$4,246 70 
4,246 70 


)f company, . 
ent.), 

... 


$2,783,988 00 

695,798 00 

12,000 00 

46,000 00 

1,112 00 

138,100 00 



164 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



CITY FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated April 26, 1833. Commenced business June 6, 1833. J 
Paid-up Capital, $210,000. 

Samuel Townsend, President. David J. Blauvelt, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



t700 shares Tradesman's National Bank, 
200 " N. Y. Cent. & H. R. R. R., 
100 " Rens. and Saratoga R. R., 

United States bonds, .... 



Par value. 

$68,000 00 
20,000 00 
10,000 00 

198,000 00 



Market value- 

$66,640 00 
21,100 00 
16,000 00 

241,700 00 



$296,000 00 $345,440 00 



Summary of Assets, Dec. 31, 1885. 
Loans on mortgage of real estate (first liens*), $47,800 00 



Interest due or accrued thereon, . 
Stock, bonds, etc., as per schedule, 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
more than 3 months due, $30 10 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
State and local taxes, . . . . 
Commissions and brokerage, 
Return premiums, .... 
Gross liabilities, except capital, . 

Surplus as regards policy-holders 
Paid-up capital, .... 



1,084 58 
345,440 00 

558 67 

559 46 
2,640 00 
2,091 22 



$741 47 

24,941 28 

1,533 33 

472 50 

310 48 
44 27 



Surplus over capital, 

Income. 
Cash received for fire premiums, . . $44,704 13 

Deduct reinsurance and return premiums, . 1,878 75 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 



$100,173 93 



28,043 33 

$372,130 60 
210,000 00 



$162,130 60 



Gross cash income, 



$42,825 38 

3,073 61 

12,450 83 

$58,349 82 



* Value of lands mortgaged, .... 155,200 00 

Value of buildings thereon 50,300 00 

Amount of insurance held as collateral, . . 42,950 00 



1885.] 



INS. COS. OF OTHER STATES. 



165 



Expenditures: 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees 

for State and local taxes, . 

for incidentals, .... 



$10,829 30 
143 60 



Gross cash expenditures, 



$10,685 70 

18,900 00 

5,448 67 

13,818 41 

1,295 14 

4,386 56 

$54,534 48 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$10,091,117 00 

10,249,901 00 

$20,311,018 00 

10,372,722 00 

$9,968,296 00 

131,250 00 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (9 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, . . . 



Premiums. 

$50,247 28 
44,733 37 

$94,980 65 
44,476 24 



,504 41 
621 84 



1,837,046 00 $49,882 57 



$3,098,638 75 

1,395,405 19 

1,721,700 00 

18,900 00 

11,053 59 

35,280 00 



CLINTON FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated July, 1850. Commenced business July 11, 1850.] 

Paid-up Capital, $250,000. 

G. T. Patterson, Jr., President. Chas. E. W. Chambers, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 

Delaware and Hudson Canal bonds, 

Central Railroad of N.J. bonds, 

Central Railroad of N.J. scrip, . 

N. Y. C. and H. R. Railroad stock, 

American Exchange National Bank stock, 

Merchants' National Bank stock, 



Par value. 

>214,000 00 

40,000 00 

2,000 00 

100 00 

70,000 00 

10,000 00 

2,850 00 



Market value. 

$251,920 00 

48,000 00 

2,070 00 

100 00 

74,550 00 

13,000 00 

3,206 00 



$338,950 00 $392,846 00 



166 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 31, 1885. 
Loans on mortgage of real estate (first liens*) , $26,400 00 

Interest due or accrued thereon, . . . Ill 66 

Stocks, bonds, etc., as per schedule, . . 392,846 00 

Cash in the office of the company, . . 10,367 95 

deposited in bank, .... 1,002 93 

Interest due and accrued, .... 1,465 00 

Premiums in course of collection (gross), . 33,713 65 

Gross assets, 



Liabilities. 
Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Due for borrowed money, . 
Commissions and brokerage, 

Gross liabilities, except capital, 

Surplus as regards policy-holders, 
Paid-up capital, 



12,543 77 
6,086 08 
3,200 00 

$11,829 85 
1,723 33 



$10,106 52 

103,478 68 

30,000 00 

5,897 41 



Surplus over capital, 

Income. 
Cash received for fire premiums, . . $284,969 82 
Deduct reinsurance and return premiums, . 48,745 13 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 

Gross cash income, 

Expenditures. 
Cash paid for fire losses, .... $148,279 77 
Deduct salvage and reinsurance, . . 21,490 12 

Net cash paid for fire losses, 
Cash dividends paid, .... 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for incidentals, 

Gross cash expenditures, 



$465,907 19 



149,482 61 

$316,424 58 
250,000 00 

$66,424 58 



$236,224 69 

1,340 00 

15,338 17 

$252,902 86 



$126,789 65 
25,000 00 
40,973 99 
20,529 53 
4.743 96 
34,326 55 

$252,363 68 



* Value of lands mortgaged, 
Value of buildings thereon, . . . 
Amount of insurance held as collateral, . 



$35,500 00 
23,500 00 
13,500 00 



1885.] 



INS. COS. OF OTHER STATES. 



167 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

.$26,568,453 00 $191,464 30 
. 24,562,150 00 288,670 76 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$51,130,603 00 $480,135 06 
. 17,275,238 00 244,902 27 



.$33,855,365 00 $235,232 79 
. 3,985,365 00 32,377 73 



.$29,870,000 00 $202,855 06 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .' 



$3,559,239 00 

1,680,017 00 

1,085,000 00 

25,000 00 

124,462 00 

85,100 00 



COMMERCE INSURANCE COMPANY, ALBANY, N. Y. 

[Incorporated June 1, 1859. Commenced business June 1, 1859.] 

Paid-up Capital, $200,000. 

Garrett A. Van Allen, President. Richard V. De Witt, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 

150 shares Nat'l Commercial B'k, Albany, 
First National Bank, Albany, 
Nat'l Exchange Bank, Albany, 
N. Y. State Nat'l B'k, Albany, 
Albany City Nat'l B'k, Albany, 
Nat'l Bank of Cohoes, N. Y., 



150 

100 

40 

52 

50 



Par value. 
210,000 00 

15,000 00 

15,000 00 

10,000 00 

4,000 00 

5,200 00 

5,000 00 



Market value 

$274,200 00 

30,000 00 

24,000 00 

10,400 00 

6,400 00 

6,500 00 

5,000 00 



$264,200 00 $356,500 00 



Securities held as collateral for cash loans : — 



Saratoga and Mt. McGregor R. R. bonds, . 
4 shares Wheeler & Melick Co., Albany,. 
34 " Albany Insurance Company, 
13 " Gold and Stock telegraph Co., . 

110 " Nat'l B'k of Cohoes, New York, 



Market value. Loaned thereon. 



$3,900 00 
1,000 00 
1,900 00 
1,100 00 

11,000 00 



} 



$4,000 00 

1,500 00 

1,000 00 

10,000 00 



$18,900 00 $16,500 00 



168 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $35,000 00 
Loans on mortgage of real estate (first liens*) , 10,0 r )0 00 

Interest due or accrued thereon, ... 36 99 

Stocks, bonds, etc., as per schedule, . . 356,500 00 

Loans on collateral security, as per schedule, 16,500 00 

Cash in the office of the company, . . 413 53 

deposited in bank, .... 30,280 51 

Interest due and accrued, .... 656 00 

Premiums in course of collection (net), . 5,231 31 

Rents accrued, etc., 93 23 

Gross assets, 



$154,714 57 



Liabilities. 
Losses claimed and reported, 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, 

Net amount of unpaid losses, . . 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, except capital, . 

Surplus as regards policy-holders 
Paid-up capital, 



$10,290 00 

1,750 00 

$12,040 00 

140 00 



$11,900 00 

81,240 10 

400 00 



96,510 40 

$358,171 17 
■,000 00 



Surplus over capital, $158,171 17 



Income. 

Cash received for fire premiums, . . $161,214 01 
Deduct reinsurance and return premiums, . 20,749 98 

Net cash received for fire premiums, . . $140,464 03 

Interest received on mortgages, 74 63 

Interest and dividends received from all other sources, . 18,053 08 

Income from rent, 1,546 20 

from profits on stocks sold, 7,760 00 

Gross cash income, ....... $167,897 94 



Expenditures 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 



$75,259 72 
4,236 29 



$71,023 43 



* Value of lands mortgaged. 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$12,250 00 
13,250 00 
9,500 00 



1885.] 



INS. COS. OF OTHER STATES. 



169 



Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 

for incidentals, 

for repairs on real estate, . 



Gross cash expenditures, 



£16,000 00 

26,011 49 

10,658 96 

6,219 75 

4,638 71 

2,095 53 

$136,647 87 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

$15,^70,568 00 $171,073 84 
15,598,046 00 159,672 59 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$31,168,614 00 $330,746 43 
14,705,926 00 153,703 28 



$16,462,688 00 $177,043 15 
1,239,752 00 11,235 77 



$15,222,936 CO $165,807 38 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



^3,847,014 00 

2,556,948 00 

604,000 00 

16,000 00 

75,830 00 

39,875 00 



COMMERCIAL INSURANCE COMPANY, SAN FRANCISCO, 

CAL. 

[Incorporated Feb. 26, 1872. Commenced business March 1, 1872.] 

Paid-up Capital, $200,000. 

John H. Wise, President. Charles A. Laton, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 

Shasta Co. (Cal.) bonds, 

Rochlin School District bonds, . 

1900 shares Merchants' Exchange Bank, 
205 " Spring Valley Water Works, 
120 " No. Beach and Mission R. R., 



Par value. 

$50,000 00 

16,000 00 

5,000 00 

190,000 00 
20,500 00 
12,000 GO 



Market value. 

$61,750 00 
17,200 00 
5,100 00 
39,900 00 
19,680 00 
12,000 00 



$293,500 00 $155,630 00 



170 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

120 shares Cat. Furniture Manuf. Co., . $12,000 00 $4,000 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $2,000 00 
Loans on mortgage of real estate (first liens*), 190,604 58 

Interest due or accrued thereon, . . . 1,135 69 

Stocks, bonds, etc., as per schedule, . . 155,630 00 

Loans on collateral security, as per schedule, 4,000 00 

Cash in the oflice of the company, . . 4,028 01 

deposited in bank, .... 24,641 49 

Interest due and accrued, .... 995 31 

Premiums in course of collection (gross), . 65,444 63 

Notes taken for marine and inland risks, . 7,411 00 
Personal loans, .... $950 00 

Gross assets, 

Deduct special deposit in Oregon, 



$455,890 71 
61,750 00 



Balance, $394,140 71 

Liabilities. 

Net amount of unpaid losses, . . . $ 11,499 31 

Unearned premiums on outstanding risks, . 157.354 91 

Commissions and brokerage, . . . 2,750 00 

Return premiums, 1,802 77 

Gross liabilities, except capital, . . $173,406 99 
Deduct liability under special deposit, . 12,410 06 

Surplus as regards policy-holders, 
Paid-up capital, 



Surplus over capital, 

Income. 

Cash received for fire premiums, . . . $366,912 81 
Deduct reinsurance and return premiums, . 46,400 54 

Net cash received for fire premiums, . . 

Cash received for marine and inPd prem's, $40,448 59 
Deduct reinsurance and return premiums, . 6,470 93 

Net cash rec'd for marine and inland prems., 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from all other sources, 

Gross cash income, 



160,996 93 

$233,143 78 
200,000 00 

$33,143 78 



$320,512 27 



33,977 66 

14,598 12 

5,938 36 

349 8L 

$375,376 22 



* Value of lands mortgaged, $415,550 00 

Value of buildings thereon 276,900 00 

Amount of insurance held as collateral, . . 166,525 00 



1885.] 



INS. COS. OF OTHER STATES. 



171 



Expenditures. 

Net cash paid for fire losses, .... 
for marine and inland losses, 

Cash dividends paid 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, . 

Gross cash expenditures, .... 

Risks and Premiums. 



$195,747 23 
17,388 43 
24,000 00 
67,760 61 
26,829 50 
6,5-13 25 
23,485 71 

$361,754 73 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 

Total, . . . . 
Deduct risks expired and terminated, 

In force at end of year, . . % . 
Deduct amount reinsured, . 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, ...... 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Premiums. 

.15,171,952 00 $270,772 51 
24,624,543 00 394,738 31 



$39,796,495 00 $665,510 82 
20,808,009 00 368,887 12 



$18,988,486 00 $296,623 70 
571,826 00 10,800 41 



$18,416,660 00 $285,823 29 



$309,801 00 
2,567,828 00 



$2,877,629 00 
2,596,588 00 



$20,375 72 

41,203 28 

$61,579 00 

41,067 24 



$281,041 00 
1,500 00 



$20,511 76 
150 00 



$279,541 00 $20,361 76 



Miscellaneous. 

Premiums received from organization of company, . . $2,846,015 00 

Losses paid from organization of company, . . . 1,346,670 00 

Cash dividends declared from organization of company, 452,000 00 

Dividends declared during the year (12 per cent.), . . 24,000 00 

Fire losses incurred during the year, . ' . . . . 186,003 00 

Marine and inland losses incurred during the year, . . 12,138 00 

Company's stock owned by directors, . . 117,800 00 



172 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



COMMERCIAL MUTUAL INSURANCE COMPANY, 
NEW YORK, N. Y. 

[Incorporated April, 1842. Commenced business May, 1853.] 

W. I. Comes, President. Henry D. King, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 

American Exchange National Bank stock, 

Market Bank stock, .... 

Corn Exchange Bank stock, 

Bank of the State of New York stock, 

Park Bank stock, 

Bank of New York (N. B. A.), . 

Gallatin National Bank stock, 

Continental National Bank stock, 

Merchants 1 National Bank stock, 

St. Nicholas Bank stock, 

Bank of Commerce stock, . 

Bank of America stock, 

Nassau Bank stock, 

Newark City bonds, 

Louisville City bonds, . 

Erie Railway bonds, 

Delaware, Lack and Western R. R. bonds, 

Morris and Essex Railroad bonds, 

Warren Railroad bonds, 

Delaware and Hudson Canal bonds, . 

Det., G. H. and Milwaukee Railroad bonds 

Coast Wrecking Company stock, 

N. Y., Lack, and Western Railroad bonds, 

Central Railroad of New Jersey bonds, 

Atlantic Mutual Insurance Company's scrip, 

Union Mutual Insurance Company's scrip, . 



Par value. 

$166,000 00 

20,000 00 

2,500 00 

4,000 00 

1,600 00 

10,000 00 

3,700 00 

3,300 00 

5,000 00 

6,200 00 

7,500 00 

5,400 00 

1,800 00 

2,500 00 

13,000 00 

15,000 00 

10,000 00 

5,000 00 

35,000 00 

9,000 00 

15,000 00 

900 00 

4,500 00 

10,000 00 

24,000 00 

116,910 00 

282 24 



Market value. 

M 89,565 00 

25,600 00 

3,550 00 

7,200 00 

1,920 00 

15,200 00 

6,660 00 

6,105 00 

5,400 00 

7,750 00 

8,625 00 

8,532 00 

2,970 00 

3,125 00 

15,720 00 

16,200 00 

11,100 00 

6,850 00 

41,950 00 

11,160 00 

19,300 00 

1,035 00 

450 00 

12,600 00 

25,520 00 

118,663 65 

141 12 



$198,092 24 $572,891 77 



Securities held as collateral for cash loans : — 



5 shares Fulton National Bank, 
17 " Bank of America, 
239 " Oriental Bank, . 



Market value. 

$1,650 00 
2,805 00 
8,663 75 



Loaned thereon. 

$1,000 00 
2,000 00 
6,200 00 



$13,118 75 $9,200 00 



1885.] 



INS. COS. OF OTHER STATES. 



173 



Summary of Assets Dec. 31, 1885. 



Stocks, bonds, etc., as per schedule, . 

Loans on collateral security, as per schedule 

Cash deposited in bank, 

Interest due and accrued, 

Premiums in course of collection (net), 

Notes taken for marine and inland risks, 

Reinsurance due, 

Salvage on losses paid, 

Gross assets, ..... 



$572,891 77 
9,200 00 
29,021 84 
10,059 60 
15,032 95 
47,470 35 
2,738 63 
11,671 72 



$698,086 86 



Liabilities. 

Losses claimed and reported, 
disputed or resisted, . 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Return premiums, .... 
Due for reinsurance etc, 

Gross liabilities, except scrip, 



$27,905 00 
8,500 00 
58,960 54 
5,764 20 
7,329 37 
2,084 80 
6,515 31 



117,059 22 



Surplus as regards policy-holders, 
Scrip outstanding, not ordered to be redeemed, . 

Surplus over scrip, 



. $581,027 64 
539,420 00 

$11,607 64 



Income. 

Cash received for marine and inl'd prem's, 
Deduct reinsurance and return premiums, . 
Net cash received for marine and inl'd prem's, 



Interest and dividends received from all sources, 
Gross cash income, 



$271,550 42 
84,255 64 

$187,294 78 

32,315 93 



$219,610 71 



Expenditures. 

Cash paid for marine and inland losses, . $244,483 44 
Deduct salvage and reinsurance, . . 79,498 40 

Net cash paid for marine and inland losses, 

Interest paid scrip-holders, .... 
Cash paid for commission and brokerage, . 

for salaries of officers and employees 

for State and local taxes, . 

for incidentals 



f 164,985 01 

33,001 20 
10,495 25 
20,780 00 
4,224 90 
22,501 81 



Gross cash expenditures, 



$255,988 20 



174 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$3,665,334 00 

21,276,599 00 

$24,941,933 00 

22,702,594 00 

$2,239,339 00 

96,487 00 



rremlumi. 
$78,4< 
252,459 8t 

#30,862 05 

267,972 55 
a. 

162389 51 

3,928 97 



$2,142,852 00 $58,960 54 



Miscellaneous. 

Premiums received from organization of company, . $14,215,712 29 

Losses paid from organization of company, . . . 8,427,228 54 

Marine and inland losses incurred during tbe year, . . 237,088 44 



CONNECTICUT FIRE INSURANCE COMPANY, HARTFORD, 

CONN. 

[Incorporated June, 1S50. Commenced business July, 1850.] 

Paid-up Capital, $1,000,000. 

J. D. Browne, President. Charles R. Burt, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Tar value. Market value. 

United States bonds, $120,000 00 $147,600 00 

City of Hartford bonds, .... 15,00000 15,90000 

City of New Britain bonds, . . . . 15,000 00 15,750 00 

City of Middletown, 7's bonds, . . . 10,000 00 10,600 00 

City of Middletown, 6's, bonds, . . . 10,000 00 10,000 00 

City of Toledo, Ohio, bonds,. . . . 10,000 00 10,500 00 

City of Erie, Penn., bonds 10,000 00 10,300 00 

Cass County, Dakota, bonds, . . . 13,000 00 13,000 00 

Wapello County, Iowa, bonds, . . . 10,000 00 10,000 00 

Coffey County, Kansas, bonds, . . . 10,000 00 10,000 00 

Tiffin, Ohio, Gas Co. bonds, . . . 14,000 00 14,000 00 

Minneapolis Gas Light Co. bonds, . . 10,000 00 10,450 00 

Traders' Safe and Trust Co. Chicago, bonds, 10,000 00 10,000 00 

Michigan Central Railroad bonds, . . 20,000 00 25,200 00 

Canada Southern Railroad bonds, . . 50,000 00 51,000 00 

Quincy, Alton and St. Louis Railroad bonds, 49,000 00 49,000 00 

N.Y., N.H. and H. Railroad bonds, . . 40,000 00 50,800 00 

Erie Railroad bonds, 25,000 00 31,750 00 

Broadway and Seventh Ave. Railroad bonds, 20,000 00 21,800 00 

Dayton and Michigan Railroad bonds, . 25,000 00 25,500 00 

Chicago, Burl, and Quincy Railroad bonds, 7,000 00 6,790 00 



1885.] 



INS. COS. OF OTHER STATES. 



175 



Detroit, 


690 shar 


150 


(i 


600 


(( 


300 


u 


110 


M 


200 


tl 


200 


(1 


200 


M 


100 


tt 


310 


It 


230 


M 


188 


M 


412 


it 


300 


it 


185 


tt 


100 


tl 


150 


ii 


93 


M 


100 


ii 


45 


ii 


167 


tt 


22 


tt 



Par value. 

Lansing and No. Railroad bonds, . $2,000 00 

es Chicago, Burl, and Quiney R.R , 69,000 00 

Chicago and Northwestern R. R., 15,000 00 

N. Y., N. H. and Hartford R. R., 60,000 00 

Pittsburg, Ft. W. and Chic. R.R., 30,000 00 

Boston and Albany R.R., . . 11,000 00 

N. Y. Cen. and Hudson R. R.R., 20,000 00 

Detroit, Lansing and No. R.R., 20,000 00 

Chicago, R I. and Pacific R R,, 20,000 00 

Willimantic Linen Company, . 2,500 00 

Imp. and Trad. Nat'l Bank, N.Y., 31,000 00 
Fulton Nat'l Bank, N.Y., . . 6,900 00 

Farmers' & Mech. N. B'k, Hartford, 18,800 00 

Nat'l Exchange Bank, Hartford, 20,600 00 

Hartford Nat'l Bank, Hertford, . 30,000 00 

First Nat'l Bank, Hartford, . 18,500 00 

iEtna Nat'l Bank, Hanford, . 10,000 00 

PhoBnix Nat'l Bank, Hartford, . 15,000 00 
Charter Oak Nat'l B'k, Hartford, 9,300 00 

Mercantile Nat'l Bank, Hartford, 10,000 00 
Conn. Trust & Safe Dep. Co. Hart., 4,500 00 

First Nat'l Bank, Minneapolis, . 16,700 00 
Second Nat'l Bank, N. Haven, . 2,200 00 



Market value. 
$2,000 00 
93,150 00 
15,900 00 

117,000 00 

42,000 00 

19,250 00 

20,800 00 

21,600 00 

25,200 00 

4,000 00 

79,050 00 

7,935 00 

18,800 00 

28,840 00 

48,600 00 

18,500 00 

11,000 00 

20,250 00 

12,555 00 

10,000 00 

5,850 00 

20,708 00 

3,036 00 



$936,010 00 § 1,195,964 00 



Securities held as collateral for cash loans : — 



N. Y., N. H. and H. R. Railroad stock, 
Union Stock Yard and Trans. Co. stock, 
Collins Company stock, . . 



Market value. 

$1,950 00 
9,600 00 
1,700 00 

$13,250 00 



Loaned thereon. 

$1,200 00 
8,050 00 



>,250 00 



Summary of Assets, Dec. 31, 1885. 
Cash value of unencumbered real estate, . $66,000 00 
Loans on mortgage of real estate (first liens*), 512,550 00 
Stocks, bonds, etc., as per schedule, . . 1,195,964 00 
Loans on collateral security, as per schedule, 9,250 00 

Cash in the office of the company,. . . 302 18 

deposited in bank, .... 118,976 99 
Premiums in course of collection (net), . 71,706 58 

Gross assets, $1,974,749 75 

Deduct special deposits in other States, .... 147,600 00 

Balance, $1,827,149 75 

* Value of lands mortgaged, $681,850 00 

Value of buildings thervon, 736,650 00 

Amount of insurance held as collateral, . . 535,525 00 



176 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Liabilities. 

Losses claimed and reported, 

disputed or resisted, 
Unearned premiums on outstanding risks, . 

Gross liabilities, except capital, . 
Deduct liability on special deposits, . 

Surplus as regards policy-holders, 



09,329 20 

21,067 37 

580,669 40 

$671,005 97 
36,580 00 



$034,485 97 

. $1,192,603 78 

Paid-up capital, 1,000,000 00 

Surplus over capital, 8192,663 78 

Income. 

Cash received for fire premiums, . . $1,101,421 68 

Deduct reinsurance and return premiums, . 181,987 87 

Net cash received for fire premiums, . . . $919,433 81 

Interest received on mortgages, 31,038 15 

Interest and dividends received from all other sources, . 63,127 54 



Gross cash income, 

Expenditures. 

Net cash paid for fire losses, .... 

Cash dividends paid, ...... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 



. $1,013,599 50 



$533,657 11 
80,000 00 
141,902 22 
86,583 04 
22,006 68 
84,438 69 



$948,587 74 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, 



Risks and Premiums. 

Premiums. 

.$86,714,893 00 $1,028,237 39 
. 87,661,313 00 1,101,421 68 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 



$174,376,206 00 $2,129,659 07 
. 81,918,314 00 1,003,381 35 



12,457,892 00 $1,126,277 72 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$7,151,252 00 

3,866,702 00 

1,185,000 00 

80,000 00 

527,396 00 

95,300 00 



1885.] 



INS. COS. OF OTHER STATES. 



177 



CONTINENTAL INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated November, 1862. Commenced business January, 1853.] 

Paid-up Capital, $1,000,000. 

H. H. Lamport, President. Cyrus Peck, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



Par value. 

250 shares American Exchange NatU B'k, $25,000 00 

69 " Bank of America, . . . 6,900 00 

50 " Bowery National Bank, . . 5,000 00 

1200 " Mechanics' National Bank, . 30,000 00 

250 " Mercantile National Bank, . 25,000 00 

350 " Merchants' National Bank, . 17,500 00 

200 " Metropolitan National Bank, . 20,000 00 

100 " Nassau Bank, . . . . 5,000 00 

700 " Phoenix National Bank, . . 14,000 00 

180 " St. Nicholas Bank, . . . 18,000 00 

200 " Central Trust Company, . . 20,000 00 

3 " N. Y. Guaranty and Ind. Co., . 300 00 

1500 " N. Y. & Harlem R. R. Co., . 75,000 00 

Cedar R'p'ds, la. FJs & N. W. R'way b'ds, 50,000 00 

Cent. R.R. & BVg Co. of Ga., Tripartite, b'ds, 100,000 00 

Chesapeake & Ohio Railway bonds, . . 50,000 00 

Chicago, Mil. & St. Paul Railway bonds, . 50,000 00 

Chicago & Northwestern Railway bonds, . 50,000 00 

Chi., St. Paul, Minn & Omaha R'w'y bonds, 100,000 00 

Columbia & Greenville Railroad bonds, . 50,000 00 

Elmira, Cortland & Northern R. R. bonds, . 50,000 00 

Erie Railway Company bonds, . . . 50,000 00 

Ind., Bloomington & VV'n Railway bonds, . 135,000 00 

Milwaukee, L. S. & Western Railway bonds, 50,000 00 

Morris & Essex Railroad bonds, . . . 50,000 00 

New York, Lack. & Western Railway bonds, 100,000 00 

New York, L. E. & Western R. R. bonds, . 50,000 00 

Pittsburgh, Cleveland & Toledo bonds, . 100,000 00 

St. Paul, Minn. & Man. Railway bonds, . 100,000 00 

Alabama new bonds, 10,000 00 

South Carolina " Brown " bonds, . . 12,000 00 

Tennessee settlement bonds, . . . 20,000 00 

United States bonds, 1,150,000 00 



Market value. 

$.31,750 00 

11,385 00 

8,500 00 

45,000 00 

30,000 00 

22,225 00 

5,000 00 

6,500 00 

14,420 00 

20,700 00 

68,000 00 

300 00 

153,750 00 
54,000 00 

110,000 00 
52,000 00 
59,000 00 
58,500 00 

118,000 00 
53,000 00 
50,000 00 
64,000 00 

156,600 00 
56,500 00 
65,000 00 

124,000 00 
52,500 00 

106,000 00 

118,000 00 

10,000 00 

12,720 00 

12,600 00 

1,480,485 CO 



$2,588,700 00 $3,230,435 00 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon 

47 shares Fidelity and Casualty Company, . $5,405 00 $4,400 00 



First National Bank, Saugerties, . 



500 00 



300 00 



^5,905 00 $1,700 00 



178 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 31, 1885.* 



Cash value of unencumbered real estate, . 
Loans on mort'ge of real estate (first liensf ), 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, 

Gross assets,}: .... 
Peduct special deposit in Georgia, 



$674,500 00 

348,610 00 

9,131 09 

3,230,435 00 

4,700 00 

2,772 58 

226,659 76 

50,746 35 

288,803 07 

335,121 14 

6,000 00 



$5,177,478 99 
33,240 00 



Balance, 



§5,144,238 99 



Liabilities. 
Losses claimed and reported, 
disputed or resisted, . 

Total amount of losses, 

Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, . 
Dividends to stockholders unpaid, 
Commissions and brokerage, 



$459,952 28 
45,540 00 

$505,492 28 
35,086 46 

$470,405 82 

2,265,427 88 

25,899 00 

6,389 04 

477 40 

50,000 00 



Gross liability, except capital and scrip, $2,818,599 14 
Deduct liabilities on special deposit, . . 23,053 98 



Surplus as regards policy-holders, 

Paid-up capital, 

Scrip outstand'g, not ordered to be red'm'd, 



Surplus over capital and scrip, 



2,795,545 16 



. $2,348,693 83 
.,000,000 00 
18,457 00 
1,018,457 00 



. $1,330,236 83 



* The company holds, also, instalment premium notes to the amount of $1,5S5,193.57 which 
do not enter into nor form any part of the assets of the company, as no portion of them is 
earned. Whatever value is attached to them would necessarily be counterbalanced by the 
addition of an exactly equal amount to the reinsurance liability, the entire sum consisting of 
•" unearned premiums." 

t Value of lands mortgaged, $378,400 00 

Value of buildings thereon, 447,700 00 

Amount of insurance held as collateral, . . 31 5, 3*25 00 
% Including $600,000 Special Reserve Fund held under New York law. 



1885.] 



INS. COS. OF OTHER STATES. 



179 



Income. 

Cash received for fire premiums, . . $2,955,578 86 
Deduct reinsurance and return premiums, 393,905 50 

Net cash received for fire premiums, . . 

Cash received for marine and inl'd prem's, $722,792 24 
Deduct reinsurance and return premiums, . 124,829 24 

Net cash rec'd for marine and inl'd prem's, 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, 



$2,561,673 36 



597,963 00 
18,231 41 

170,251 34 
40,523 59 

1,388,642 70 



$476,955 32 
54,804 34 



Expenditures. 

Cash paid for fire losses, . . . . $1,660,953 39 
Deduct salvage and reinsurance, . . 138,078 59 

Net cash paid for fire losses, . . . 

Cash paid for marine and inland losses, 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, — 
Cash dividends paid, . . . 
paid for redemption of scrip, 

for commissions and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, . 

fur incidentals, .... 

Gross cash expenditures, 



$1,522,874 80 



422,150 98 
153,861 40 

10,803 48 
619,014 33 
309,412 86 

82,145 09 
240,330 29 

$3,360,593 23 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



1404,458,595 00 
378,067,305 00 

$782,525,900 00 
304,055,408 00 

$478,470,492 00 
21,536,632 00 



Premiums. 

^3,581,994 30 
3,182,120 92 

56,764,115 22 
2,526,341 34 

54,237,773 88 
184,228 23 



$456,933,860 00 $4,053,545 65 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, . 



$3,540,421 00 
206,157,092 00 



$209,697,513 00 
206,095,704 00 



$50,789 49 
637,228 24 



,017 73 
576,078 69 



In force at end of year, 



$3,601,809 00 $111,939 04 



180 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



$34,973,234 83 

19,134,024 32 

4,037,747 36 

154,000 00 

1,618,678 07 

372,285 17 

202,800 00 



DELAWARE MUTUAL SAFETY INSURANCE COMPANY, 
PHILADELPHIA, PA. 

[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.] 

Paid-up Capital, $360,000. 

Thomas C. Hand, President. Henry Lylburn, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



Pennsylvania state bonds, 
New Jersey state bonds, 
Philadelphia city bonds, 
Boston city bonds, 
St. Louis city bonds, 
Cincinnati city bonds, . 
Columbus city bonds, . 
Tennessee state bonds, 
Phila., Wil. and Baltimore Railroad bonds, 
American Steamship Company bonds, 
500 shares Pennsylvania Railroad, 
16 " Continental Hotel Co., 
2 " Philadelphia Exchange, 
Atlantic Mutual Ins. Co. scrip, 
Boylston Mutual Ins. Co. scrip, . 
Commercial Mutual Ins. Co. scrip, 
China Mutual Ins. Co. scrip, 
New York Mutual Ins. Co. scrip, . 
State of Tennessee scrip, 



Market value. 

$282,506 00 

243,800 00 

113,050 00 

124,000 00 

114,000 00 

57,000 00 

27,750 00 

22,265 00 

29,700 00 

42,C00 00 

27,750 00 

1,984 00 

130 00 

I 

i 

)- 1,365 00 



Tar value. 

$237,400 00 

212,000 00 

85,000 00 

100,000 00 

100,000 00 

50,000 00 

25,000 00 

36,500 00 

30,000 00 

40,000 00 

25,000 00 

1,600 00 

200 00 

290 00 

150 00 

320 00 

910 00 

20 00 

196 00 



$944,585 00 $1,087,900 00 



Summary op Assets Oct. 31, 1885. 
Cash value of unencumbered real estate, . $140,000 00 
Loans on mortgage of real estate (first liens*) 120,200 00 
Interest accrued thereon 1,098 60 



* Value of lands mortgaged, .... $93,500 00 

Value of buildings thereon 113,000 00 

Amount of insurance held as collateral, . . 93,000 00 



1885.] 



INS. COS. OF OTHER STATES. 



181 



Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, 
>emiums in course of collection (net), 
Notes taken for marine and inland risks, 

Bills receivable, 

Gross assets, 



$1,087,900 00 

639 72 

200,562 60 

49,528 83 

94,724 10 

9,802 07 



,704,455 92 



Liabilities. 

Losses adjusted, unpaid, .... $892 00 

claimed and reported, . . . 19,257 00 

Unearned premiums on outstanding risks, . 128,433 06 

Reclaimable on perpetual fire policies, . 76,479 38 

Unpaid scrip ordered to be redeemed, . 5,140 00 

Dividends to stockholders unpaid, . . 5,224 60 

State and local taxes, 1,800 00 

Gross liabilities, except capital and scrip, 

Surplus as regards policy-holders, 

Paid-up capital, $360,000 00 

Scrip outstand'g, not ordered to be redeem'd, 726,095 00 



Surplus over capital and scrip, 



237,226 04 
$1,467,229 88 



1,086,095 00 
$381,134 88 



Income. 

Cash received for fire premiums, . . $98,438 90 
Deduct reinsurance and return premiums, . 5,414 07 

Net cash received for fire premiums, . . 

Cash rec'd for marine and inl'd premiums, $331,205 06 
Deduct reinsurance and return premiums, 38,236 52 

Net cash rec'd for marine and inl'd prem's, 

Interest received on mortgages, 

and dividends received from all other sources, 

Income from rents, 

Deposits received for perpetual fire risks, . . $591 97 

Gross cash income, ... ... 



$93,024 83 



292,968 54 

5,987 50 

52,140 20 

2,773 40 



$446,894 47 



Expenditures. 
Cash paid for fire losses, .... $37,436 79 
Deduct salvage and reinsurance, . . 230 94 

Net cash paid for fire losses, . . . $37,205 85 

Cash paid for marine and inland losses, . $168,225 62 
Deduct salvage and reinsurance, . . 25,434 22 

Net cash paid for marine and inland losses, 142,791 40 

Cash dividends paid, 36,000 00 

paid for redemption of scrip, .... 113,955 00 



182 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest paid scrip-holders, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Deposits ret'd on perpetual fire risks, . . . $673 00 

Gross cash expenditures, 

Risks and Premiums. 



145,302 00 
33,085 88 
31,803 73 
13,741 58 
10,403 98 



Fire risks outstanding Oct. 31, 1884, 
written during 1885, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, 



$14,780,902 00 
11,262,333 00 



?26,043,235 00 
11,893,524 00 



$465,189 42 



Premiums. 

$122,334 68 
98,488 78 

$220,823 46 
101.827 77 



$14,149,711 00 



Perpetuals in force (not included above) , $3,122,737 00 



Marine risks outstanding Oct. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



$13,020,855 00 

38,223,474 00 

$51,244,329 00 

39,842,915 00 



$118,995 69 

$80,504 61 

$86,941 92 

319,518 10 



$406,460 02 
332,871 34 



$11,401,414 00 $73,588 68 



Miscellaneous. 

Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, 



$36,000 00 
27,814 00 

126,894 00 
50,300 00 



ENTERPRISE FIRE AND MARINE INSURANCE COMPANY, 

CINCINNATI, OHIO. 

[Incorporated December, 1866. Commenced business December, 1866.] 

Paid-up Capitax, $200,000. 

John W. Hartwell, President. J. W. McCord, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $25,000 00 $31,000 00 

Cincinnati Southern Railroad bonds, . . 21,000 00 25,310 00 



1885.] 



INS. COS. OF OTHER STATES. 



183 



Cincinnati, Flam, and Dayton R. R. bonds, . 
Cincinnati, Rich, and Chicago R. R. bonds, 
Little Miami Railroad bonds, 



Tar value. 

L2,000 00 
2,000 00 
5,000 00 



Market value. 

$14,540 00 
2,220 00 
5,350 00 



$65,000 00 $78,420 00 



Securities held as collateral for cash loans : — 

691 shares Atch., Topeka and S. Fe R. R., . 

170 " Commercial Bank, Cincinnati, . 

40 " Cin., Hamilton and Dayton R.R., 

Warehouse Receipt, 



Market value. Loaned thereon. 



58,735 00 

17,000 00 

3,840 00 

2,900 00 



25,000 00 
7,990 00 
3,200 00 
2,200 00 



$82,475 00 $38,390 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $80,000 00 

Loans on mort'ge of real estate (first liens *), 23,000 00 

Interest due or accrued thereon, . . . 261 83 

Stocks, bonds, etc., as per schedule, . . 78,420 00 

Loans on collateral security, as per schedule, 38,390 00 

Cash in the office of the company, . . 235 09 

deposited in bank, .... 13,487 00 

Interest due and accrued, .... 1,048 27 

Premiums in course of collection (gross), . 4,875 45 

Notes taken for inland risks, . . . 4,285 45 

Rents due and accrued, .... 1,075 68 
Premiums more than 3 mos. due, $191 42 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, .... $591 33 

claimed and reported, . . . 800 00 

Unearned premiums on outstanding risks, . 34,851 87 

Commissions and brokerage, . . . 385 62 

Gross liabilities, except capital, . . 



$245,078 77 



36,628 82 



Surplus as regards policy-holders, .... $208,449 95 
Paid-up capital, 200,000 00 



Surplus over capital, 



1,449 95 



Income. 
Cash received for fire premiums, 
Deduct reinsurance and return premiums, 
Net cash received for fire premiums, . 



$59,536 61 
8,596 64 



$50,939 97 



* Value of lands mortgaged, $40,000 00 

Value of buildings thereon 9,000 00 



184 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash received for inland premiums, . . $11,334 82 
Deduct reinsurance and return premiums, . • 922 99 

Net cash received for inland premiums, . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, 



$10,411 83 

1,619 81 

5,459 73 

10,806 35 



$79,237 69 



Expenditures. 

Cash paid for tire losses, .... $24,298 76 
Deduct salvage and reinsurance, . . 438 56 

Net cash paid for fire losses, . . . $23,860 20 

for inland losses, 3,619 56 

Cash dividends paid, 6,019 20 

paid for commissions and brokerage, . . . 8,223 56 

for salaries of officers and employees, . . 9,000 00 

for State and local taxes, 7,195 28 

for incidentals, 6,355 61 

for ground rent, 7,000 00 

Gross cash expenditures, $71,273 41 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

$4,889,920 00 §61,606 04 
3,618,516 00 59,013 36 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



18,508,436 00 $120,619 40 
3,565,321 00 52,651 71 



$4,943,115 00 $67,967 69 
284,143 00 3,955 10 



$4,658,972 00 $64,012 59 



Inland risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



$72,750 00 
736,603 00 

§809,353 00 
744,103 00 

§65,250 00 
4,000 00 



$7,492 50 

10,018 16 

$17,510 66 

11,486 16 

§6,024 50 

333 34 



Net amount in force, 



§61,250 00 §5,691 16 



1885.] 



INS. COS. OF OTHER STATES. 



185 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (3 per cent.), 
Fire losses incurred during the year, .... 
Inland losses incurred during the year, 
Company's stock owned by directors, .... 



K,'277,927 00 

2,841,714 00 

292,000 00 

6,000 00 

24,630 00 

2,620 00 

84,300 00 



EQUITABLE FIRE AND MARINE INSURANCE COMPANY, 

PROVIDENCE, R. I. 

[Incorporated May, 1859. Commenced business September I860.] 

Paid-up Capital, $300,000. 

Fred. W. Arnold, President. Jas. E. Tillinghast, Secretary. 



Detailed Statement of Stocks, 

500 shares Old National Bank, Providence, 

340 ' 

200 ' 

30 ' 

100 ' 

100 ' 

100 l 

100 « 



' N'l B'k of Com'ce, Providence, 
' American N'l B'k, Providence, 
' Third Nat'l Bank, Providence, 
; Fourth Nat'l Bank, Providence 
' First National Bank, Warren, 
' N. Y. Central and H. R. R. R. 
1 Illinois Central Railroad, 
United States bonds, . 
Union Pacific Railroad bonds, 
N. Y. Elevated Railroad bonds, . 
Pawtnxet Valley Railroad bonds, 
Quincy, Alton and St. Louis Railroad bonds, 



Bonds, etc. 

Par value. 

$50,000 00 

17,000 00 

10,000 00 

3,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

50,000 00 

25,000 00 

25,000 00 

22,000 00 

10,000 00 



Market value. 

$55,000 00 
18,360 00 
9,000 00 
3,690 00 
12,300 00 
10,000 00 
10,550 00 
13,950 00 
61,625 00 
28,500 00 
30,875 00 
27,610 00 
10,000 00 



$252,000 00 $291,460 00 



Securities held as collateral for cash loans : — 



20 shares Mechanics 1 N'l B'k, Providence, . 



Market value. Loaned thereon. 

$1,440 00 $900 00 



Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $129,900 00 
Loans on mortgage of real estate (first liens*), 40,150 00 
Interest due or accrued thereon, . . . 400 00 



* Value of lands mortgaged, .... $42,400 00 
Value of buildings thereon, .... 64,000 00 

Amount of insurance held as collateral, . . 36,100 00 



186 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Stocks, bonds, etc., as per schedule, . . $291,4GO 00 

Loans on collateral security, as per schedule, 900 00 

Cash in the office of the company, . 2,123 92 

deposited in bank, .... 32,722 45 

Premiums in course of collection (net), . 20,937 7.5 

Rents due and accrued, . . . 2,046 00 

Premiums more than 3 months due, $416 79 

Gross assets, * $520,640 12 

Liabilities. 

Losses adjusted, unpaid, .... $730 00 

claimed and reported, . . . 16,730 00 

disputed or resisted, .... 3,800 00 

Unearned premiums on outstanding risks, . 116,948 05 

Dividends to stockholders unpaid, . . 903 10 

Due and accrued for rent, salaries, taxes, etc., 2,500 00 

Gross liabilities, except capital, . . 141,611 15 



Surplus as regards policy-holders, .... $379,028 97 
Paid-up capital, 300,000 00 



Surplus over capital, $79,028 97 

Income. 

Cash received for fire premiums, . . $215,561 63 

Deduct reinsurance and return premiums, . 22,120 45 

Net cash received for fire premiums, . . $193,441 18 

Cash received for marine and inVd prem's, . $19,716 91 
Deduct reinsurance and return premiums, . 2,784 39 

Net cash rec'd for marine and inl'd prem's, 16,932 52 

Interest received on mortgages, 2,212 91 

and dividends received from all other sources, . 14,279 30 
Income from rents, 4,918 74 



Gross cash income, $231,784 65 

Expenditures. 

Cash paid for fire losses, .... $104,502 44 

Deduct salvage and reinsurance, . . 2,003 10 

Net cash paid for fire losses, . . . $102,499 34 

Cash paid for marine and inland losses, . $13,187 43 

Deduct salvage and reinsurance, . . 3,077 76 

Net cash paid for marine and inland losses, 10,109 67 

Cash dividends paid, 17,515 80 

paid for commissions and brokerage, . . . 37,887 71 

* Including $25,000 Special Reserve fund held under Rhode Island law. 



1885.] 



INS. COS. OF OTHER STATES. 



187 



Paid cash for salaries of officers and employees, 
for State and local taxes, . 
for expense on real estate, . 

Gross cash expenditures, .... 



$30,074 40 

8,297 88 

150 00 

$206,534 80 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

$18,600,303 00 $223,465 08 
18,544,429 00 217,081 89 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$37,144,732 00 $140,546 97 
17,758,061 00 207,606 80 



i 19,386,671 00 $232,940 17 
221,936 00 2,008 81 



.$19,161,735 00 $230,931 36 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 



Total 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$187,628 00 $2,199 59 
2,472,793 00 20,148 96 



$2,660,421 00 $22,348 55 
2,514,213 00 20,475 27 



$146,208 00 $1,873 28 
15,007 00 96 67 



$131,201 00 $1,776 61 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



$2,727,060 00 

1,891,646 00 

383,000 00 

18,000 00 

100,073 00 

13,386 00 

60,910 00 



188 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



EXCHANGE FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated April 9, 1853. Commenced business May, 1853.] 

Paid-up Capital, $200,010. 

Richard C. Combes, President. Geo. W. Montgomery, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $120,000 00 $148,000 00 

New York city bonds, 30,000 00 32,150 00 



Securities held as collateral for cash loans : — 



Union Pacific Railroad bonds, 

Lackawanna Iron and Coal Company stock, 

Morris and Essex Railroad stock, 

Safe Deposit Company of N. Y. stock, 

Rutgers Fire Insurance Company, 

Oriental Bank, . 

New York Equitable Fire Ins Company, 

Citizen's Bank, 

Citizen's Insurance Company, 

Home Insurance Company, 

Sterling Fire Insurance Company, 

Licking Valley Railroad, 

Phoenix National Bank, 

Delaware, Lack, and West. Railroad, . 

Chicago, St. Paul, and Minn. Railroad, 

Gallatin National Bank, 

United States bond, .... 

N.Y. Cent, and H. River Railroad stock, 

N.J. Dry Dock and Trans. Company stock 

Long Dock Company bond, 

Manhattan Life Insurance Company, . 

Hudson River Chem. and D. W. Co. stock, 

Western Union Telegraph Company stock, 

Pacific Fire Insurance Company, 

Continental National Bank, .... 



$150,000 00 


$180,150 00 


Market value. 


Loaned thereon 


•3,420 <xn |00000 

4,800 00 / 


7,200 00 


5,000 00 


6,660 00 


5,000 00 


2,400 00 ' 




750 00 




2,000 00 


> 10,000 00 


1,650 00 




1,800 00 




3,900 00 J 




1,705 00 


1,250 00 


1,000 00 


600 00 


700 00 


600 00 



3,600 00 
1,100 00 
1,000 00 



4,750 00 



1,170 00 


1,075 00 


2,575 00 


1,800 00 


1,500 00 


750 00 


1,170 CO 


750 00 


1,000 00 


400 00 


5,500 00 


2,000 00 


7,200 00 \ 
1,600 00 / 


7,000 00 




1,600 00 


1,100 00 


$67,000 00 


$47,075 00 



Summary of Assets Dec. 31, 1885. 
Loans on mortgage of real estate (first liens*), $98,300 00 
Interest due or accrued thereon, . . . 5,339 50 



* Value of lands mortgaged, $120,000 00 

Value of buildings thereon, 105,000 00 

Amount of insurance held as collateral, . . 84,450 00 



1885.] 



INS. COS. OF OTHER STATES. 



189 



Stocks, bonds, etc., as per schedule, . . 8180,150 00 

Loans on collateral security, as per schedule, 47,075 00 

Cash in the office of the company, . . 599 06 

deposited in bank, .... 27,034 26 

Interest due and accrued, .... 688 36 

Premiums in course of collection (gross), . 17,133 74 

Notes taken for inland risks, . . . 20,533 99 

Gross assets, 



$396,853 91 



Liabilities. 

Net amount of unpaid losses, . . . $13,682 00 

Unearned premiums on outstanding risks, . 97,885 43 

Dividends to stockholders unpaid, . . 445 50 

Commissions and brokerage, . . . 1,713 37 

Gross liabilities, except capital, . . 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, 



113,726 30 

$283,127 61 

200,010 00 

$83,117 61 



Income. 

Cash received for fire premiums, . . $163,567 72 
Deduct reinsurance and return premiums, . 24,440 50 

Net cash received for tire premiums, . . $139,127 22 

Cash rec'd for marine and inlM premiums, $45,795 10 
Deduct reinsurance and return premiums, . 730 84 

Net cash rec'd for marine and inland prern's, 45,061 26 

Interest received on mortgages, 4,383 33 

and dividends received from all other sources, . 12,057 98 

Gross cash income, $200,632 79 



Expenditures 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, — 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 



$208,386 82 
10,282 33 

$21,653 06 
133 00 



§198,104 49 



21,520 06 
14,000 70 
34,472 20 
18,962 77 
2,609 54 
9,455 63 



Gross cash expenditures, 



$299,125 39 



190 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 



Total, 

Deduct risks expired and terminated, . 

In force at end of year, 



$41,397,790 00 
17,356,750 00 



$58,754,540 00 
33,986,982 00 

$24,767,558 00 
738,901 00 



Premiums. 

$298,258 42 
186,507 57 

$484,765 99 
285,798 70 

$198,967 29 
5,247 73 



$24,028,657 00 $193,719 56 



$67,000 00 
6,021,715 00 

$6,088,715 00 
6,012,494 00 



$1,037 48 

45,795 10 

$49,832 58 

47,781 29 



$76,221 00 $2,051 29 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (7 per cent.), 

Fire losses incurred the year, 

Marine and inland losses incurred during the year, . 
Company's stock owned by directors, 



$3,620,737 00 

2,174,908 00 

361,623 00 

14,001 00 

204,332 00 

21,653 00 

107,940 00 



FARRAGUT FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated Jan. 29, 1872. Commenced business Jan. 30, 1872.] 

Paid-up Capital, §200,000. 

John E. Leffingwell, President. Samuel Darbee, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Delaware and Hudson Canal stock, . 
Brooklyn City Railroad stock, 
Fourth National Bank stock, 
New York Produce Exchange Bank stock 
Long Island L. and T. Company stock, 
Brooklyn Gas Light Company stock, . 
People's Gas Light Company stock, . 
Citizens' Gas Light Company stock, . 



Par value. 

$222,000 00 

20,000 00 

1,850 00 

10,000 00 

5,200 00 

25,000 00 

11,250 00 

10,000 00 

4,000 00 



Market valne. 

$246,170 00 

19,350 00 

3,792 50 

12,500 00 

5,720 00 

30,100 00 

14,287 50 

8,500 00 

3,400 00 



§309,300 00 $343,720 00 



1885.] 



INS. COS. OF OTHER STATES. 



191 



Securities held as collateral for cash loans : — 

Bushwick Railroad stock, .... 
Exchange Fire Insurance Company stock, . 
Central National Bank stock, 
American Screw Company stock, 



Market value. Loaned thereon . 



$525 00 

2,479 50 

4,290 00 

200 00 



$7,494 50 

Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $6,000 00 

Loans on mortgage of real estate (first liens*), 9,900 00 

Interest due or accrued thereon, . . . 136 25 

Stocks, bonds, etc., as per schedule, . . 343,720 00 

Loans on collateral security, as per schedule, 6,200 00 

Cash in the office of the company, . . 590 19 

deposited in bank, .... 42,371 02 

Interest due and accrued, .... 93 00 

Premiums in course of collection (gross), . 22,193 12 

Kent and interest accrued, .... 188 68 
Office furniture, .... $4,000 00 
Premiums more than 3 months due, 661 52 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, .... $108 43 

claimed and reported, . . . 6,175 65 

disputed or resisted, . . . 6,786 53 

Unearned premiums on outstanding risks, . 106,253 28 

Due and accrued for rent, salaries, etc., . 2,108 33 

State and local taxes, 900 00 

Commissions and brokerage, . ... 2,150 77 

Gross liabilities, except capital, . . 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, 



$300 00 
2,000 00 

3,900 00 
^6,200 00 



$431,392 26 



124,482 99 

$306,909 27 
200,000 00 

$ 106,909 27 



Income. 

Cash received for fire premiums, . . $191,343 23 
Deduct reinsurance and return premiums, . 11,994 40 

Net cash received for fire premiums, . . $179,348 83 

Interest received on mortgages, 545 19 

and dividends received from all other sources, . 15,048 77 

Income from rents, 525 00 

Gross cash income, $195,467 79 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$8,000 00 
10,500 00 
10,000 00 



192 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 

Net cash paid for fire losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, .... 
for real estate expenses and profit and loss, 
for rent and incidentals, .... 

Gross cash expenditures, ...... 



$65,853 73 

20,000 00 

27,190 10 

22,920 00 

3,660 25 

247 35 

17,381 37 

$157,258 80 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

.$29,087,248 00 $190,829 55 
. 27,080,585 00 193,207 84 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



. $56,167,833 00 $384,037 39 
. 25,848,836 00 171,377 01 



.$30,318,997 00 $212,660 38 
860,513 00 6,937 74 



. f 29,458,484 00 $205,722 64 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (fO per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$2,052,902 00 

837,485 00 

334,000 00 

20,000 00 

69,987 00 

46,150 00 



FIRE ASSOCIATION OF PHILADELPHIA, PHILA, PEXN. 

[Incorporated March 27, 1820. Commenced business September 1, 1817.] 

Paid-up Capital, $500,000. 

J. Lightfoot, President. W. S. Winship, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 

Catawissa Railroad bonds, . 

City of Camden bonds, 

Lehigh Valley Railroad bonds, 

Masonic Temple bonds, 

3,030 shares Pennsylvania Railroad, 



Par value. 

$332,000 00 

10,000 00 

6,000 00 

32,000 00 

20,000 00 

151,500 00 



Market value. 

$394,915 00 

13,000 00 

6,480 00 

44,800 00 

21,600 00 

163,620 00 



1885.] 



INS. COS. OF OTHER STATES. 



193 



Shamokin Valley and Pottsville R R. bonds 
City of Philadelphia bonds, . 
Philadelphia and Erie Railroad bonds, 
Belt R.R. and Stock Yard Company bonds 
Philadelphia Passenger Railway Co. bonds 
Louisville and Nashville Railroad bonds, 
Texas and Pacific Railroad bonds, 
City of Cincinnati bonds, 
Lehigh Valley Railroad bonds, . 
Lehigh Coal and Navigation Co. bonds, 
Pennsylvania Railroad bonds, 
Pennsylvania Company bonds, . 
Pennsylvania and New York Canal bonds 
331 shares Phila., Germ, and Norrist'n R.R 
70 " Chestnut Hill Railroad, 
Northern Central Railroad bonds, 
Huntingdon and B. T. M. Railroad bonds, 
Philadelphia and Reading Railroad scrip, 
Philadelphia and Reading Railroad bonds, 
Northern Pacific Railroad bonds, 
Philadelphia and Reading Car Trust certs. 
Car Trust of New York certs., 
Peoria Mercantile Literary Ass'n bonds, 
Fire Association stock, . . . $167,400 



Par value. 

$20,000 00 

402,600 00 

100,000 00 

50,000 00 

50,000 00 

100,000 00 

63,000 00 

125,000 00 

100,000 00 

100,000 00 

108,000 00 

113,000 00 

8,000 00 

16,550 00 

3,500 00 

168,000 00 

15,000 00 

10,000 00 

25,000 00 

25,000 00 

25,000 00 

20,000 00 

25,000 00 



Market value. 

$25,000 00 

523,727 00 

110,000 O0 

65,000 00 

55,000 00 

104,000 00 

47,780 00 

162,500 00 

130,000 00 

127,000 00 

136,525 00 

122,040 00 

9,600 00 

36,079 00 

7,630 00 

201,600 00 

16,650 00 

3,800 00 

20,000 00 

27,000 00 

22,500 00 

15,000 00 

25,000 00 



52,224,150 00 $2,637,846 00 



Summary of Assets Dec. 31, 1885. 



Cash value of unencumbered real estate, 
Loans on mort'ge of real estate (first liens*) 
Interest due or accrued thereon, . 
Stocks, bonds, etc , as per schedule, . 
Loans on association's stock, $5,450 00 

Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents due and accrued, 

Gross assets, 

Deduct special deposits in other States, 



$70,800 00 

1,007,560 94 

22,389 98 

2,637,846 00 

9,934 82 

187,597 22 

18,248 25 

122,392 36 

944 50 



$4,077,714 07 
67,575 00 



Balance, $4,010,139 07 



* Value of lands mortgaged, .... $1,706,38300 

Value of buildings thereon 1,353,579 00 

Amount of insurance held as collateral, . . 794,345 00 



194 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks 

Reclaimable on perpetual fire policies, 

Gross liabilities, except capital, . 
Deduct liabilities on special deposits, . 



Surplus as regards policy-holders, 
Paid-up capital, 



$62,150 81 
67,661 30 
42,144 28 

$171,956 39 
10,467 38 

$161,489 01 
1,006,815 25 
1,798,467 73 

52,966,771 99 
38,039 00 



- $2,928,732 99 

. $1,081,406 08 
500,000 00 



Surplus over capital, 



. $581,406 08 



Income. 

Cash received for fire premiums, . . . $1,749,639 78 
Deduct reinsurance and return premiums, . 214,644 17 

Net cash received for fire premiums, . . $1,534,995 61 

Interest received on mortgages, 52,201 30 

and dividends received from all other sources, . 143,305 57 

Income from rents and incidentals, 9,075 29 

Deposits received for perpetual fire risks, . $55,465 08 



Gross cash income, 



. $1,739,577 77 



Expenditures. 

Cash paid for fire losses, .... $1,013,145 90 
Deduct salvage and reinsurance, . . 33,863 60 

Net cash paid for fire losses, . . . 

Cash dividends paid, 

paid for commissions and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



Deposit returned on perpetual fire risks, 
Gross cash expenditures, 



$33,163 64 



$979,282 30 

200,000 00 

318,885 85 

105,753 57 

50,478 91 

25,567 24 



. $1,679,967 87 



1885.] 



INS. COS. OF OTHER STATES. 



195 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 

Perpetuals in force, (included above), 



$241,642,250 00 
. 139,084,872 00 

$380,727,122 00 
.119,288,417 00 



$261,438,705 00 
. 1,330,521 00 



Premiums 

$3,827,157 00 
1,757,163 05 

$5,584,320 05 
1,619,514 99 

$3,964,805 06 
18,554 73 



$260,108,184 00 
. $86,169,516 00 



$3,946,250 33 
$1,931,751 00 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Cash dividends declared from organization of company, 

Dividends declared during the year (40 per cent.), . 

Fire losses incurred during the year, . 

Company's stock owned by directors, 



$ 18,640,945 00 

10,210,904 00 

2,979,762 00 

200,000 00 

966,900 00 

80,450 00 



FIRE INSURANCE COMPANY OF THE COUNTY OF PHILA- 
DELPHIA, PHILADELPHIA, PENN. 

[Incorporated May 31, 1832. Commenced business April 9, 1833.] 

Paid-up Capital, $400,000. 

James N. Stone, President. John Welsh Dulles, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

Jersey City bonds, $9,000 00 $9,900 00 

Lehigh Valley Railroad bonds,- . . . 18,000 00 23,950 00 

Delaware and Bound Brook Railroad bonds, 24,000 00 31,440 00 

North Pennsylvania Railroad bonds, . . 12,000 00 15,120 00 

Catawissa Railroad bonds, .... 4,000 00 5,280 00 

Pennsylvania Company bonds, . . . 17,000 00 18,530 00 

Penna. and N. Y. Canal and R. R. bonds, . 10,000 00 12,600 00 

Elmira and Williamsport Railroad stock, . 550 00 . 495 00 

Hunt, and Broad Top R.R. and Coal bonds, 13,000 00 14,640 00 

Pittsburgh, Cin. and St. L. Railroad bonds, 20,000 00 24,450 00 

R'y Car Trust of Penna. bonds, . . . 3,000 00 3,037 50 

American Steamship Company bonds, . 4,500 00 4,950 00 



196 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



West Jersey Railroad bonds, 

New York Car Trust bonds, 

United N.J. R. R. and C. Co. bonds, 

Philadelphia and Erie Railroad bonds 

Pennsylvania Railroad bonds, 

Pennsylvania Car Trust bonds, . 

Junction Railroad bonds, . 

Camden and Atlantic Railroad bonds 

Belvidere Delaware Railroad bonds, 

Connecting Railway bonds, . 

West Chester and Phila. Railroad bonds, 

Bell's Gap Railroad bonds, . 

Phila., Wil. and Baltimore Railroad bonds, 

Philadelphia and Reading Railroad bonds, 

Phila., Germ, and Norristown Railroad stock, 

Camden city bonds, 

Phila. and Reading Car Trust bonds, 

United Co.'s of New Jersey bonds, 

Germantown Pass. Railroad bonds, 

Schuylkill R. E. S. Railroad bonds, 

Camden Co. (N.J.) Railroad bonds, 



Northern Liberties National Bank stock, 
Penna. Co. for Ins. on Lives, etc., stock, 
Northern Liberties Gas Company stock, 
Fire Association stock, . . 
Bankof North America stock, 
City of Pittsburgh bonds, 
Pennsylvania Railroad stock, 
Northern Liberties Gas Company stock, 
Penn National Bank stock, . 
Ins. Co. of North America stock, . 
Ches. and Delaware Canal stock, . 
Northern Liberties Gas Company stock, 



Par value. 

fl 5,000 00 

5,000 00 

20,000 00 

10,000 00 

17,000 00 

15,000 00 

7,000 00 

4,000 00 

1,000 00 

3,000 00 

2,000 00 

10,000 00 

15,000 00 

20,000 00 

13,200 00 

1,000 00 

10,000 00 

15,000 00 

5,000 00 

15,000 00 

4,000 00 



Market value. 

? 17,850 00 

4,500 00 

24,000 00 

11,000 CO 

21,620 00 

15,187 50 

8,260 00 

4,600 00 

1,180 00 

3,630 00 

2,240 00 

11,900 00 

15,600 00 

19,900 00 

28,908 00 

1,270 00 

10,000 00 

31,125 00 

8,950 00 

16,050 00 

4,120 00 



$342,250 00 $426,283 00 



Securities held as collateral for cash loans : — 



> 



Market value. 

$12,110 00 

4,000 00 

3,922 00 

2,830 00 

3,000 00^1 

2,560 00 | 

19,962 00 { 

991 00 j 

1,960 00^ 

3,600 00 J 

* 400 00 ( 

5,550 00 j 



Loaned thereon. 

$9,700 00 
3,000 00 

5,200 00 



y 12,775 00 



> 7,050 00 



$60,885 00 $37,725 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $44,500 00 

Loans on mortgage of real estate (first liens*) , 157,250 00 

Interest due or accrued thereon, . . . 2,516 47 

Stocks, bonds, etc., as per schedule, . . 426,283 00 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$368,950 00 
119,150 00 



1885.] 



INS. COS. OF OTHER STATES. 



197 



Loans on collateral security, as per schedule, 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, etc., 
Premiums more than 3 months due, $21 07 
Gross assets, 



$37,725 00 

1,258 00 

11,848 97 

859 80 

19,510 30 

725 33 



$702,476 87 



Liabilities. 

I 

Losses adjusted, unpaid, 

claimed and reported, 

disputed or resisted, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, 
State and local taxes, .... 
Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$8,488 16 

2,050 00 

3,000 00 

77,011 20 

91,006 18 

192 00 

1,200 00 

3,611 84 



Surplus over capital, 



186,559 38 

$515,917 49 
400,000 00 

$115,917 49 



Income. 

Cash received for fire premiums, . . $162,791 11 
Deduct reinsurance and return premiums, . 26,942 69 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

DO ' 

and dividends received from all other sources, 

Income from rent, etc., 

Deposits ree'd for perpet'l fire risks, $ 1 1 ,995 05 

Gross cash income, 



$135,848 42 

7,523 00 

23,893 25 

1,270 29 



$168,534 96 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . — 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for incidentals, . . . 

Deposits retM on perpet'l fire risks, $1,995 45 



$68,549 66 
1,931 69 



,617 97 

23,820 00 

25,438 90 

8,781 10 

4,756 97 

7,376 80 



Gross cash expenditures, 



$136,791 74 



198 FIRE, MARINE, AND FIRE-MARINE [Dec. 31 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



Net amount in force, . . ^ 
Perpetuals in force (not included above), 



$9,489,936 00 
14,547,519 00 



Premium*. 

1114,158 06 
169,882 04 



$24,037,455 00 
11,936,298 00 



$284,040 10 
132,310 60 



$12,101,157 00 
239,233 00 



$151,729 50 
1,926 46 



$11,861,924 00 $149,803 04 



$3,484,507 00 $98,385 06 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$838,336 00 

492,206 00 

406,408 00 

24,000 00 

65,847 00 

83,100 00 



FIREMAN'S FUND INSURANCE COMPANY, SAN FRANCISCO, 

CAL. 

[Incorporated May 3, 1863. Commenced business June 18, 1863.] 

Paid-up Capital, §750,000. 

David J. Staples, President. William J. Dutton, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 

Oakland City Gaslight bonds, 

California Dry Dock bonds, . 

Market St. Cable R. R. Co bonds, 

Pacific Rolling Mills bonds, 

100 shares First National Bank, San Fran. 



450 
100 
150 
250 
100 
300 
370 
220 
15 
250 



Oakland Bank of Savings, . 
North Beach and Miss. R.R. Co. 
Pacific Rolling Mills, . 
Judson Manufacturing Co., 
California Dry Dock Co., . 
Presidio and Ferries R. R. Co., 
California Street R. R. Co., 
Sutter Street Railroad Co., . 
Pioneer Woolen Factory, . 
Oakland Gaslight and Heat Co., 



Par value. 

$100,000 00 
25,000 00 
20,000 00 
25,000 00 
7,000 00 
10,000 00 
45,000 00 
10,000 00 
15,000 00 
25,000 00 
10,000 00 
30,000 00 
37,000 00 
22,000 00 
15,000 00 
25,000 00 



Market value. 

$192,000 00 

25,500 00 

21,000 00 

30,000 00 

7,280 00 

12,000 00 

25,200 00 

9,900 00 

13,500 00 

5,000 00 

4,000 00 

13,500 00 

35,150 00 

23,100 00 

6,000 00 

8,500 00 



$721,000 00 $731,530 00 



1885.] 



INS. COS. OF OTHER STATES. 



199 



Securities held as collateral for cash loans : — 



Pacific Club bonds, 

55 shares Bank of Sonoma Co., 

1400 " Oakland Gaslight and Heat Co., 
330 " Bank of Sonoma Co., 
150 " Savings and Loan Society, 
130 " Judson Manufacturing Co., 
200 " Cal. Iron and Steel Co., . 
130 " Cal. Artificial Stone Co., . 
10 " Knappton Packing Co., . 

Mortgages assigned, . 

School District bonds, . 

Choteau Co., Montana, bonds, 

290 shares Bank of Sonoma Co., 

Mortgages assigned, . 



Market value. 

$2,100 00 
6,050 00 
47,000 00 
36,300 00 
15,750 00 
2,600 00 ^ 
400 00 J 
780 00 \ 
1,200 00 I 
6,350 00 j 
10,500 00 ^ 
5,000 00 / 
31,900 00 
8,840 00 



Loaned thereon. 

$1,500 00 
5,000 00 
30,000 00 
26,000 00 
13,500 00 



} 



8,500 00 

1,900 00 
26,000 00 



$175,370 00 $112,400 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $320,000 00 
Loans on mortgage of real estate (first liens*), 155,618 00 

Interest due or accrued thereon, . . . 690 98 

Stocks, bonds, etc., as per schedule, . . 731,630 00 

Loans on collateral security, as per schedule, 112,400 00 

Cash in the office and in bank, . . . 135,113 70 

Interest due and accrued, .... 7,540 56 

Premiums in course of collection (gross), . 108,686 72 

Notes taken for marine and inland risks, . 44,445 04 

Rents due and accrued, .... 260 00 

Reinsurance due, 8,812 24 

Gross assets, 

Deduct special deposit in Oregon, 



,625,197 24 
50,000 00 



Balance, 



,575,197 24 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 
Less reinsurance, . 

Net amount of unpaid losses, 



$14,256 45 
46,427 76 
28,057 91 



,742 12 
6,889 70 



$81,852 42 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$397,600 00 
165,000 00 
101,350 00 



200 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Unearned premiums on outstanding risks, 

Commissions and brokerage, 

Bills payable, etc., .... 

Gross liabilities, except capital, . 
Deduct liability on special deposit, 

Surplus as regards policy-holders, 
Paid-up capital, 



$525,585 84 
9,433 82 
3,530 01 

$620,402 09 
13,641 07 



Surplus over capital, 

Income. 

Cash received for fire premiums, . . . $863,522 15 
Deduct reinsurance and return premiums, . 210,657 85 

Net cash received for fire premiums, . . 

Cash received for marine and inl'd prem's, $325,062 57 
Deduct reinsurance and return premiums, . 135,280 78 

Net cash rec'd for marine and inland prems., 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



$606,761 02 

$968,436 22 
750,000 00 

$218,436 22 



Gross cash income, 

Expenditures. 

Cash paid for fire losses, .... $346,574 80 
Deduct salvage and reinsurance, . . 51,820 34 

Net cash paid for fire losses, . . . 

Cash paid for marine and inland losses, . $248,176 99 
Deduct salvage and reinsurance, . . 100,719 75 

Net cash paid for marine and inland losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, .... 

Gross cash expenditures, 



$652,864 30 



189,781 79 
18,644 05 
24,754 33 
21,473 32 

$907,517 79 



$294,754 46 



147,457 24 
90,000 00 

106,166 12 
81,784 91 
12,164 29 
97,782 99 

$830,110 01 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, 



Risks and Premiums. 

Premiums. 

.$55,560,739 00 $761,569 37 
. 62,339,413 00 878,018 47 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$117,900,152 00 $1,639,587 84 
. 53,764,673 00 742,836 60 



.$64,135,479 00 $896,751 24 
. 4,813,246 00 92,549 90 



. $59,322,233 00 $804,201 34 



1885.] 



INS. COS. OF OTHER STATES. 



201 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, .... 



Premiums. 

$2,810,776 00 $143,336 91 
16,033,133 00 328,314 15 



118,843,909 00 $471,651 06 
16,003,980 00 315,015 19 



$2,839,929 00 $156,635 87 
980,775 00 47,032 93 



. $1,859,154 00 $109,602 94 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, 



$11,584,028 22 

6,342,948 81 

1,346,060 00 

90,000 00 

288,514 49 

156,305 45 

136,800 00 



FIREMEN'S INSURANCE COMPANY, DAYTON, O. 

[Incorporated 1856. Commenced business 1856.] 
Paid-up Capital, $250,000. 
S. Craighead, President. H. N. Williams, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 

Dayton, Ohio, city bonds, 

Troy, Ohio, city bonds, 

Music Hall Co.'s bonds, Dayton, O., . 

Merchants' National Bank (Cin.) stock, 

Second National Bank (Cin.) stock, . 

Dayton National Bank (Dayton) stock, 



Par value. 

$110,000 00 
6,000 00 
5,000 00 
5,000 00 
13,500 00 
5,000 00 
2,200 00 



Market value. 

$113,300 00 
6,150 00 
5,175 00 
5,000 00 
17,955 00 
7,500 00 
3,520 00 



$146,700 00 $158,600 00 



Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

Citizens' St. Railroad Co. (Spring'ld, O.) stock, $2,250 00 $1,500 00 

Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $84,147 81 
Loans on mortgage of real estate (first liens*), 134,470 42 



* Value of lands mortgaged, $251,549 00 

Value of buildings thereon, 167,154 00 

Amount of insurance held as collateral, . . 83,850 00 



202 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (net), 
Notes taken for fire risks, . 
Rents due and accrued, 

Gross assets, 



$4,036 61 

158,600 00 

1,500 00 

7,477 85 

32,822 25 

886 86 

17,486 27 

5,348 50 

766 34 



8447,542 91 



Liabilities. 

Losses adjusted, unpaid, .... $11,096 58 

claimed and reported, . . . 7,434 90 

disputed or resisted, .... 500 00 

Unearned premiums on outstanding risks, 140,691 37 

Dividends to stockholders unpaid, . . 456 80 

Gross liabilities, except capital, . . 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, 



160,179 65 

$287,363 26 
250,000 00 

$37,363 26 



Income. 

Cash received for fire premiums, . . $246,887 55 
Deduct reinsurance and return premiums, . 42,012 04 

Net cash received for fire premiums, . . $204,875 51 

Interest received on mortgages, 7,212 86 

and dividends received from all other sources, . 6,653 27 

Income from rents, etc., 6,412 51 

Gross cash income, $225,154 15 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . — 

Cash dividends paid, 

paid for commission and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, . 

for expense on real estate, 

for profit and loss, .... 

for incidentals, 

Gross cash expenditures, .... 



$117,870 67 
2,884 90 



§114,985 77 

5,000 00 

43,375 65 

16,104 68 

7,533 99 

3,733 62 

1,144 32 

12,280 12 

$204,158 15 



1885.] 



INS. COS. OF OTHER STATES. 



203 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1881, . . $21,566,888 00 $254,543 70 
written during 1885, . . . 16,453,903 00 246,887 55 



Total, $38,020,791 00 $501,431 25 

Deduct risks expired and terminated, . 14,417,324 00 214,251 28 



In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



. $23,603,467 00 $287,179 97 
890,225 00 12,222 29 



.$22,713,242 00 $274,957 68 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (2 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



12,569,864 00 

1,063,555 00 

462,392 00 

5.000 00 

128,584 00 

40,320 00 



FIREMEN'S INSURANCE COMPANY, NEWARK, N. J. 

[Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855.] 
Paid-up Capital, $600,000. 

S. R. W. Heath, President. Charles Colyer, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, . ... $30,000 00 $39,450 00 

Morris and Essex Railroad bonds, . . 50,000 00 65,000 00 

Central Railroad of New Jersey bonds, . 50,000 00 53,500 00 

Orange and Newark Horse Railroad bonds, 40,000 00 44,000 00 

Essex Passenger Railway bonds, . . 18,000 00 18,400 00 

East Orange township bonds, . . . 4,725 19 4,961 45 

Morris and Essex Railroad stock, . . 50,000 00 65,000 00 

Delaware, Lack, and Western R. R. stock, . 50,000 00 62,500 00 

Central Railroad of N. J. stock, . . . 40,000 00 17,600 00 

United N. J. Railroad and Canal stock, . 13,900 00 28,495 00 

Newark City National Bank stock, . . 20,000 00 25,000 00 

Second National Bank stock, . . . 20,000 00 24,000 00 

National Newark Banking Company stock, 20,000 00 26,600 00 

National State Bank stock, .... 25,550 00 30,6(50 00 

Essex County National Bank stock, . . 18,900 00 26,082 00 

German National Bank stock, . . m . 4,200 00 4,410 00 

American Insurance Company stock, . . 20,000 00 34,000 00 

Newark Fire Insurance Company stock, . 3,585 00 5,019 00 



204 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Newark City Insurance Company stock, 
Gerraania Insurance Company stock, . 
Citizens' Gas Light Company stock, . 
Paterson Gas Light Company stock, . 
Newark Gas Light Company stock, . 
Newark and Rosendale Cement Co. stock, . 



Par valae. 

$9tt7 60 

1,400 00 

11,850 00 

10,000 00 

5,000 00 

3.600 00 



Market value. 

$937 50 

1,000 00 

14,812 50 

10,000 00 

8,500 00 

4,320 00 



$511,647 69 $614,247 45 



Securities held as collateral for cash loans : — 



Market value. Loaned thereon 



New York and Cuba Mail S. S. Co. stock, 
Houston and Texas Cent. Railway Co. stock, 
Ocean S. S. Co. (Savannah) bonds, . 
U S. and Brazil Mail S. S. Co. bonds, 
Manufacturers' National Bank stock, . 
North Ward National Bank stock, 
Merchants' Insurance Co. stock, . 
Citizens' Gas Light Co. stock, 
Newark and Bloomfield St. Railway bonds, 



Summary of Assets Dec. 
Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the office of the company, 
deposited in bank, . . 
Interest due and accrued, . 
Premiums in course of collection (net), 
Rents due and accrued, 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$20,000 00^1 



3,300 00 
2,000 00 
10,000 00 j 
9,520 00 
2,000 00 
7,000 00 
1,312 50 
6,750 00 



y $30,000 00 

7,500 00 

1,800 00 

5,900 00 

990 00 

6,000 00 



$61,882 50 $52,190 00 

31, 1885. 

$133,265 06 

690,734 00 

12,271 05 

614,247 45 

52,190 00 

17,906 52 

25,861 18 

414 23 

7,483 22 

483 67 

$1,554,856 38 



$1,840 50 

10,673 91 

180,757 86 

2,122 00 

573 32 



- 195,967 59 

. $1,358,888 79 
600,000 00 



Surplus over capital, 



$758,888 79 



* Total value of property mortgaged, . . . $1,672,600 00 
Amount of insurance held as collateral, . . 884,890 00 



1885.] 



INS. COS. OF OTHER STATES. 



205 



Income. 
Cash received for fire premiums, 



$304,492 82 
22,509 06 



Deduct reinsurance and return premiums, . 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, etc., 



Gross cash income, 



$281,983 76 

46,467 21 

33,464 52 

8,877 26 

$370,792 75 



Expenditures. 

Cash paid for fire losses, .... $120,03680 
Deduct salvage and reinsurance, . . 935 92 

Net cash paid for fire losses, 
Cash dividends paid, . 

paid for redemption of scrip, 
Interest paid scrip-holders, . 
Cash paid for commissions and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, . 

for repairs on real estate, . 

for incidentals, 



.119,100 88 


90,000 


U0 


9 


00 


1 


54 


46,253 


12 


17,103 


98 


9,133 


06 


1,517 


69 


9,892 


01 


^293,011 


28 



Gross cash expenditures, 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31,1884, . .$33,673,32100 $292,869 25 



written during 1885, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



. 33,783,159 00 306,137 76 



.$67,456,480 00 $599,007 01 
. 30,079,148 00 252,061 43 



.$37,377,332 00 $346,945 58 
196,824 00 2,099 12 



.$37,180,508 00 $344,846 46 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (15 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



) 1,030,542 00 

1,425,497 00 

822,500 00 

90,000 00 

128,659 00 

335,370 00 



206 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



FIREMEN'S INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated April 19, 1825. Commenced business April 19, 1825. J 

Paid-up Capital, $204,000. 

John F. Halsted, President. P. H. Oakley, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value 

United States bonds, . . . . ' . $140,000 00 $ 150,125 00 

Delaware and Hudson Canal bonds, . . 16,000 00 18,080 00 

New York City bonds, 60,000 00 63,800 00 

Bank of New York stock, .... 6,700 00 12,060 00 

American Exchange National Bank stock, . 4,000 00 5,120 00 

Morris and Essex Railroad stock, . . 10,000 00 13,000 00 

N. Y., Lack, and Western Railroad stock, . 10,000 00 10,000 00 

N. Y. Cent, and H. R. R. R. stock, . . 10,000 00 10,500 00 

Delaware and Hudson Canal Co. stock, . 4,000 00 3,880 00 



$260,700 00 $286,565 00 



Summary of Assets Dec, 31, 1885. 

Loans on mortgage of real estate (first liens*), $5,800 00 

Interest due or accrued thereon, . . . 211 50 

Stock, bonds, etc., as per schedule, . . 286,565 00 

Cash in the office of the company, . . 579 50 

deposited in bank, .... 535 65 

Interest due and accrued, .... 1,965 83 

Premiums in course of collection (gross), . 5,985 27 

Rents due and accrued, . . . . 333 33 
Premiums more than 3 mos. due, $336 32 

Gross assets, 



Liabilities. 

Losses claimed and reported, 
Unearned premiums on outstanding risks, 
Due and accrued lor rent, . 
State and local taxes, .... 
Commissions and brokerage, 
Return premiums and reinsurance, 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$3,714 75 


34,163 


13 


1,266 


66 


441 


58 


1,197 


05 


79 


13 



$301,976 08 



40,862 30 

$261,113 78 
204,000 00 



Surplus over capital, 



$57,113 78 



* Value of lands mortgaged, 
Value of buildings thereon, . . 
Amount of insurance held as collateral, 



$8,500 00 
6,500 00 
7,400 00 



1885.] 



INS. COS. OF OTHER STATES. 



207 



,454 85 
7,073 11 



Income. 

Cash received for fire premiums, 
Deduct reinsurance and return premiums, . 
Net cash received for fire premiums, . 
Cash received for marine and inPd prem's, 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, .... 

Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . — 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, . . . 

Risks and Premiums. 



$59,381 74 

562 50 

267 00 

9,334 87 

3,999 96 

$73,546 07 



$33,593 11 
2,543 73 



$31,049 38 

14,280 00 

9,390 48 

10,668 51 

1,694 91 

11,042 96 

$78,126 24 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total 

Deduct risks expired and terminated, . 

In force at end of year, 



Premiums 

$10,525,948 00 $72,932 20 
9,924,716 00 65,727 01 



20,450,664 00 1138,659 21 
10,573,265 00 69,065 77 



1,877,399 00 $69,593 44 
230,663 00 1,435 75 



,646,736 00 


$68,157 69 


$33,500 00 


$804 17 


22,500 00 


462 50 



$56,000 00 
33,500 00 

$22,500 00 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (7 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$1,266 67 
804 17 

$462 50 



$4,482,290 61 

2,768,194 26 

1,403,578 17 

14,280 00 

28,972 34 

59,296 00 



208 FIRE, MARINE, AND FIRE MARINE [Dec. 31, 



FRANKLIN FIRE INSURANCE COMPANY, PHILADELHIA, PA. 

[Incorporated April 22, 1829. Commenced business June, 1829.] 

Paid-up Capital, $400,000. 

J. W. McAllister, President. Ezra T. Cresson, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Lehigh Valley Railroad bonds, . 
Chicago and West. Indiana Railroad bonds 
Pennsylvania Railroad bonds, 
Delaware and Bound Brook R. R. bonds, 
Philadelphia city bonds, 
Camden city bonds, .... 
Pittsburgh city bonds, .... 
St. Paul, Minn, and Man. Railroad bonds, 
Stony Creek Railroad bonds, 
Baltimore and Potomac Railroad bonds, 
Penna. and N.Y. Canal and Railroad bonds 
West Jersey Railroad bonds, 
Phila. and Reading Railroad bonds, . 
Hestonville, M. and F. P. Railroad bonds, 
Camden and Amboy Railroad bonds, . 
Connecting Railroad bonds, 
Easton and Amboy Railroad bonds, . 
Huntingdon and B. T. Railroad bonds, 
Elmira and Williamsport Railroad bouds, 
Phila., Wilm. and Bait. Railroad bonds, 
N. Y., Lack, and Western Railroad bouds, 
New York Central Railroad bonds, 
Jacksonville and So. Eastern Railroad bond 
Harrisburg, P., Mt. J. and L. Railroad bonds, 
Lehigh Coal and Nav. Co. bonds, 
Northern Central Railroad bonds, 
W. Jersey and Atlantic Railroad bonds, 
Pennsylvania Company bonds, . 
Louisville and Nashville Railroad bonds, 
Steubenville and Indiana Railroad bonds, 
Penna. Salt Manuf. Company bonds, 
Camden and Atlantic Railroad bonds 
Railway Car Trust of Penna. bonds, 
Philadelphia and Erie Railroad bonds 
Pennsylvania Car Trust bonds, . 
Baltimore and Ohio Railroad bonds, 
River Front Railroad bonds, 
Phila., Wilm. and Bait. Railroad stock, 



Par value. 

$200,000 00 

117,000 00 

16,000 00 

26,000 00 

8,000 00 

50,000 00 

1,000 00 

8,000 00 

9,000 00 

4,000 00 

21,000 00 

7,000 00 

32,000 00 

17,0C0 00 

10,000 00 

5,000 00 

20,000 00 

25,000 00 

10,000 00 

10,000 00 

35,000 00 

25,000 00 

25,000 00 

10,000 00 

25,000 00 

3,300 00 

50,000 00 

18,000 00 

25,000 00 

10,000 00 

30,000 00 

15,000 00 

14,000 00 

13,000 00 

10,000 00 

37,000 00 

24,500 00 

16,000 00 

6,250 00 



Market value. 

$225,750 00 
136,450 00 
17,920 00 
27,040 00 
10,640 00 
64,464 00 

1,000 00 

8,240 00 
10,350 00 

4,760 00 
26,100 00 

8,400 00 
37,780 00 
19,890 00 
11,500 00 
• 5,400 00 
24,200 00 
27,750 00 
11,100 00 
10,500 00 
35,400 00 
31,750 00 
26,250 00 

9,000 00 
26,250 00 

3,927 00 
53,900 00 
18,900 00 
27,000 00 
10,500 00 
33,000 00 
15,750 00 
15,120 00 
13,130 00 
11,100 00 
37,620 00 
26,215 00 
16,800 00 

8,750 00 



1885.] 



INS. COS. OF OTHER STATES. 



209 



Commercial National Bank stock, 
Continental Hotel stock, . 
Mine Hill and Sch. Haven Railroad stock, 
Penna. Co. for Ins. on Lives, etc., 



Par value. 

$3,400 00 
1,600 00 

25,000 00 
5,000 00 



Market value. 
$1,080 00 

1,920 00 
30,000 00 
20,800 00 



$1,023,050 00 $1,166,396 00 



Securities held as collateral for cash loans : — 



56 shares Pennsylvania Railroad, 
Certificate of Bank deposit, . 
500 shares Northern Pacific, 
100 " Lehigh C. and N. Co., 
70 " Pennsylvania Railroad, 
Nashville, Chat, and St. L. Railroad bonds 
Allegheny Valley Railroad bonds, 
Pittsburgh and Lake Erie Railroad bonds, 
625 shares Standard Oil Trust, . 



Market value. 

$3,021 00 

20,000 00 

31,000 00 

4,800 00 

3,780 00 

38,750 00 

62,540 00 
29,500 00 

62,500 00 



} 



Loaned thereon. 

$1,300 00 
20,000 00 

25,000 00 

2,900 00 
25,000 00 
50,000 00 
25,000 00 
50,000 00 



$255,891 00 $199,200 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $137,950 00 
Loans on mortgage of real estate (first liens*), 901,013 67 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (net), 
Gross assets, 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 

disputed or resisted, 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders 
Paid-up capital, 



14,850 83 

1,166,396 00 

199,200 00 

8,112 66 

347,356 20 

403 27 

51,973 34 



$3,130,255 97 



$7,817 18 

20,110 91 

9,846 13 

422,169 33 

1,357,561 92 

360 00 



- 1,817,865 47 

. $1,312,390 50 
400,000 00 



Surplus over capital, 



$912,390 50 



* Total value of property mortgaged, . . $2,166,195 00 
Amount of insurance held as collateral, . . 986,249 00 



210 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



«557,262 53 
71,330 58 



Income. 

Cash received for fire premiums, . 
Deduct reinsurance and return premiums, 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 

Income from rents, 

surveys, transfers, etc., .... 
Deposits recM for perpt'l fire risks, $12,828 75 

Gross cash income, 



$485,931 95 

67,885 04 

42,399 78 

20,289 36 

2,598 82 



$619,104 95 



Expenditures. 
Net cash paid for fire losses, .... 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for repairs on real estate, . 

for incidentals, 

Deposits ret'd on perpet'l fire risks, $16,553 20 

Gross cash expenditures, .... 



$226,770 02 
80,010 00 
71,782 41 
53,217 22 
27,018 21 
7,917 43 
68,967 40 



$538,742 69 



$191,011,363 00 $2,951,439 43 
53,427,080 00 604,978 88 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . $137,549,221 00 $2,344,066 60 
written during 1885, . . 53,462,142 00 607,372 83 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 

Perpctuals in force (included above), 



$137,584,283 00 $2,346,460 55 
1,588,703 00 19,541 91 



$135,995,580 CO $2,326,918 64 



$59,766,920 00 $1,462,661 45 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), . 
Fire losses incurred during the year, . . 
Company's stock owned by directors, .... 



$24,250,950 00 

13,350,528 00 

4,411,000 00 

80,000 00 

217,925 00 

41,500 00 



1885.] 



INS. COS. OF OTHER STATES. 



211 



GERMAN AMERICAN INSURANCE COMPANY, 
NEW YORK, N. Y. 

[Incorporated March 7, 1872. Commenced business March 7, 1872.] 

Paid-up Capital, $1,000,000. 

Emil Oelbermann, President. James A. Silvey, Secretary , 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Missouri State bonds, .... 
Chicago and Rock Island Railroad bonds, 
Cairo and Fulton Railroad bonds, 
Chic, Milwaukee and St. Paul R. R. bonds 
Central Pacific Railroad bonds, . 
Union Pacific Railroad bonds, 
Kansas Pacific Railroad bonds, . 
Chicago and Northwestern Railroad bonds 
St. Louis, Kan. City and Northern R.R. b'ds 
Erie Railway bonds, .... 
Syracuse, Bing. and New York R. R. bonds 
Little Miami Railroad bonds, 
Louisville and Nashville Railroad bonds, 
New York, Lack, and Western R. R. bonds 
Chicago, Burl, and Quincy Railroad bonds 
Missouri Pacific Railroad bonds, . 
New York, Chic, and St. Louis R. R. bonds 
Missouri, Kansas and Texas R. R. bonds, 
N. Y. Central and Hud. River R. R. bond 
Albany and Susquehanna Railroad bonds, 
St. Paul, Minn, and Man. Railroad bonds, 
Pennsylvania Company bonds, . 
Fargo and Southern Railroad bonds, . 
New York and Harlem Railway stock, 
Morris and Essex Railroad stock, 
Chicago, Rock Island and Pacific R.R. stock 
Illinois Central Railway stock, . 
Chicago, Burl, and Quincy Railroad stock 



Par value. 
$2,000,000 00 $ 
25,000 00 
50,000 00 
25,000 00 

120,000 00 
50,000 00 
50,000 00 
85,000 00 

126,000 00 
93,000 00 

100,000 00 
30,000 00 
25,000 00 
50,000 00 

100,000 00 
50,000 00 
50,000 00 
40,000 00 
50,000 00 

100,000 00 
75,000 00 
30,000 00 
55,000 00 
25,000 00 

100,000 00 

20,000 00 

50,000 00 

50,000 00 

2,000 00 



Market value. 

2,433,175 00 
28,750 00 
64,000 00 
27,125 00 

134,000 00 
56,000 00 
57,000 00 
94,500 00 

138,200 00 
92,370 00 

128,000 00 
39,900 00 
26,750 00 
51,0j0 00 

125,000 00 
53,500 00 
54,000 00 
39,200 00 
57,750 00 

109,000 00 
88,125 00 
34,500 00 
55,550 00 
28,000 00 

212,000 00 

26,000 00 

64,250 00 

70,000 00 

2,740 00 



$3,626,000 00 $1,390,385 00 



Summary of Assets Dec. 81, 1885. 



Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 
deposited in bank, 



$1,390,385 00 

2,000 42 

143,939 65 



212 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest due and accrued, . 

Premiums in course of collection (gross), 

Gross assets,* 

Deduct special deposits in other States, 

Balance, 



$875 00 
164,202 67 



$4,701,402 74 
165,025 00 

14,536,377 74 



Liabilities. 

Losses adjusted unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Due and accrued for rent, salaries, etc., 

Gross liabilities, except capital, . 
Deduct liabilities on special deposits, . 



$53,183 95 
115*872 83 

15,680 29 

$184,737 07 
17,770 82 

$166,966 25 

1,465,650 20 

28,935 71 

$1,661,552 16 
33,626 05 



1,627,926 11 



Surplus as regards policy-holders, . . . $2,908,451 63 
Paid-up capital, 1,000,000 00 



Surplus over capital, 



. $1,908,451 63 



Income. 

Cash received for fire premiums, . . $2,520,966 82 
Deduct reinsurance and return premiums, . 528,302 36 

Net cash received for fire premiums, . . $1,992,664 46 

Interest and dividends received from all sources, . . 169,543 35 



Gross cash income, 



. $2,162,207 81 



Expenditures. 

Cash paid for fire losses, .... $1,176,04821 
Deduct salvage and reinsurance, . . 143,571 52 

Net cash paid for fire losses, . . . $1,032,476 69 

Cash dividends paid, 140,000 00 

paid for commissions and brokerage, 



for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 



305,066 53 

148,091 72 

56,815 97 

170,461 13 

. $1,852,912 04 



* Including $500,000 Special Reserve Fund held under New York law. 



1885.] 



INS. COS. OF OTHER STATES. 



213 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 
$320,908,421 00 $2,684,125 54 
.331,578,534 00 2,562,569 60 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$652,486,955 00 $5,246,695 14 
. 295,859,669 00 2,262,107 09 



$356,627,286 00 $2,984,588 05 
. 22,626,971 00 209,790 22 



$334,000,315 00 $2,774,797 83 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (14 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$17,295,486 48 

. 8,006,702 65 

. 1,390,000 00 

140,000 00 

. 1,175,903 16 

326,400 00 



GERMAN FIRE INSURANCE COMPANY, PITTSBURGH, PA. 

[Incorporated March, 1862. Commenced business July, 1862.] 

Paid-up Capital, $200,000. 

C. Barchfeld, President. F. L. Gross, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 

Allegheny County Riot bonds, . 

Pittsburgh Compromise bonds, . 

Howard school bonds, 

Humboldt school bonds, 

Kilbuck school bonds, . 

Colfax school bonds, . 

Alleppo township school bonds, . 

Pitt., N. E. and Lake Erie Railroad bonds, 

Pittsburgh and Western Railroad bonds, 

People's Park Railroad bonds, 

German Evan. Church bonds, 

German National Bank stock, 

Exchange National Bank stock, 

Third National Bank stock, 

Allegheny National Bank stock, 

Merchants' and Manuf. National Bank stock, 



Par value. 

$37,700 00 
11,000 00 
8,000 00 
5,000 00 
5,000 00 
4,500 00 
1,000 00 
2,500 00 
3,000 00 
2,000 00 
5,000 00 
2,200 00 
7,500 00 
5,000 00 
10,000 00 
1,600 00 
2,150 00 



Market value. 

$44,406 39 
11,280 00 
8,775 00 
5,325 00 
5,250 00 
4,875 00 
1,000 00 
2,875 00 
3,625 00 
2,390 00 
5,175 00 
2,425 00 
16,875 00 
8,200 00 
15,500 00 
1,984 00 
2,193 00 



214 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Metropolitan National Bank stock, 
Fifth Avenue National Bank stock, 
First National Bank (Allegheny) stock, 
German National Bank (Allegheny) stock, 



Summary of Assets Dec. 

Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on Co.'s own stock, . . $900 00 
Cash deposited in bank, 
Interest due and accrued, 
Premiums in course of collection (net), 
Rents due and accrued, 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



Par value. 


Market value. 


$300 (JO 


$3u0 00 


500 00 


300 00 


7,000 00 


12,110 00 


2,600 00 


2,990 00 


t 123,550 00 


$157,853 39 


31, 1885. 




$18,074 90 




203,644 39 




3,564 59 




157,853 39 





34,707 91 
714 43 

29,991 20 
363 33 



$12,680 15 

171,584 00 

1,450 00 



Surplus over capital, 

Income. 

Cash received for fire premiums, . . $287,218 42 
Deduct reinsurance and return premiums, . 36,389 28 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, 

Expenditures. 

Cash paid for fire losses, 

dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 

Gross cash expenditures, .... 



$448,914 14 



185,714 15 

(263,199 99 

200,000 00 

$63,199 99 



$250,829 14 

11,731 00 

7,044 50 

459 67 

$270,064 31 



$159,176 51 

24,000 00 

56,775 81 

22,493 54 

6,954 31 



$269,400 17 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$470,700 00 
124,150 00 



1885.] 



INS. COS. OF OTHER STATES. 



215 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums 

$22,810,617 00 $291,274 57 
23,000,228 00 284,324 75 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



145,810,845 00 $575,599 32 
19,398,795 00 245,752 47 



$26,412,050 00 $329,846 85 
376,914 00 4,717 26 



$26,035,136 00 $325,129 59 






Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$2,052,479 05 
789,554 89 
434,000 00 

24,000 00 
160,174 76 

30,050 00 



GERMANIA FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated March, 1859. Commenced business March, 1859.J 

Paid-up Capital, $1,000,000. 

Rudolph Garrigue, President. Hugo Schumann, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
St. Paul, Minn, and Man. Railroad bonds, 
Morris and Essex Railroad bonds, 
Central Pacific Railroad bonds, . 
Chicago, Burl, and Quincy Railroad bonds 
Hannibal and St. Joseph Railroad bonds, 
Chicago, Mil. and St. Paul Railroad bonds, 
Chicago and North Western R.R. bonds, 
Chicago, R. I. and Pacific Railroad bonds, 
Union Pacific Railroad bonds, 
Lake Shore and Mich. So. Railroad bonds. 
Chicago, St. Louis and N. O. Railroad bonds 
Baltimore and Ohio Railroad bonds, . 
New York Cent, and H. R. Railroad bonds 
Michigan Central Railroad bonds, 
Union Pacific Railroad bonds, 
Milwaukee and St. Paul Railroad bonds, 
Mississippi State bonds, 
New York Cent, and H. R. R. R. stock, 
National Park Bank stock, . 



Par value. 

$1,000,000 00 
16,000 00 
50,000 00 
40,000 00 
25,000 00 
10,000 00 
10,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
25,000 00 
15,000 00 
20,000 00 
50,000 00 
5,000 00 



Market value. 

,059,593 75 
18,480 00 
65,000 00 
46,000 00 
34,250 00 
11,850 00 
10,512 50 
32,500 00 
32,750 00 
27,500 00 
32,230 00 
27,750 00 
26,937 50 
34,375 00 
31,625 00 
29,250 00 
19,537 50 
20,000 00 
53,000 00 
7,600 00 



$1,466,000 00 $1,620,741 25 



216 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, 
Premiums in course of collection (net), 
Rents due and accrued, 

Gross assets, 

Deduct special deposits in other States, 

Balance, 



$538,454 08 








), 94,500 00 








2,775 


00 








. 1,620,741 


25 








33,629 


54 








43,405 


71 








107,541 


81 








1,757 


83 








. 


• 


n 


,442,805 
220,781 


22 
25 


t • • 


|2 


,222,023 97 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 
Less reinsurance, . 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Gross liabilities, except capital, . 
Deduct liability on special deposits, . 



$G7,924 41 
38,544 80 
42,871 05 

$149,340 26 
7,326 99 



$142,013 27 
822,904 84 

$964,918 11 
54,622 13 



910,295 98 



Surplus as regards policy-holders, 
Paid-up capital, 



. $1,311,727 99 
. 1,000,000 00 



Surplus over capital, 



$311,727 99 



Income. 

Cash received for fire premiums, . . $1,533,141 52 
Deduct reinsurance and return premiums, . 355,700 56 

Net cash received for fire premiums, . . $1,177,440 96 

Interest received on mortgages, £.557 49 

and dividends received from all other sources, . 83,896 90 



Gross cash income, 



. $1,269,895 35 



* Value of lands mortgaged, . 
Value of buildings ihereon, . 
Amount of insurance held as collateral, 



$90,500 00 
92,000 00 
82,000 00 



1885.] 



INS. COS. OF OTHER STATES. 



217 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, . 

Net cash paid for fire losses, — 

Cash dividends paid, ...... 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, .... 



)5 1,202 80 
34,547 99 



$916,654 81 

100,000 00 

180,405 53 

88,230 43 

35,760 98 

186,643 63 

. $1,507,695 38 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

$177,210,797 00 $1,846,840 34 
.159,332,014 00 1,533,260 80 



Total, ". 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$336,542,811 00 $3,380,101 14 
. 159,907,031 00 1,726,876 18 



$176,635,780 00 $1,653,224 96 
. 3,943,316 00 37,935 47 



1172,692,464 00 $1,615,289 49 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



,150,947 00 
9,022,138 00 
1,701,000 00 
100,000 00 
874,717 00 
206,200 00 



GIRARD FIRE AND MARINE INSURANCE COMPANY, 
• PHILADELPHIA, PA. 

[Incorporated March, 1853. Commenced business May, 1853.] 

Paid-up Capital, $300,000. 

Alfred S. Gillett, President. Edwin F. Merrill, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 
Louisville city bonds, . 
St. Louis County bonds, 
Union Pacific Railroad bonds, 
Connecting Railroad bonds, 



Par value. 

$82,000 00 

10,000 00 

10,000 00 

5,000 00 

10,000 00 



Market value 

$99,380 00 

11,500 00 

11,800 00 

5,850 00 

12,100 00 



218 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Pennsylvania Railroad bonds, 
Camden and Amboy Railroad bonds, . 
Philadelphia and Erie Railroad bonds, 
Philadelphia and Reading Railroad bonds 
Philadelphia and Reading Railroad scrip, 
Lehigh Navigation Company bonds, . 
Lancaster and Reading Railroad bonds, 
North Pennsylvania Railroad bonds, . 
Philadelphia and Darby P. Railway bonds 
Illinois township bonds, 
Phila. and Reading R. R. Car Trust cert's, 



Par value. 

$10,000 00 

13,000 00 

10,000 00 

6,000 00 

1,750 00 

11,000 00 

10,000 00 

5,000 00 

2,250 CO 

6,000 00 

35,000 00 



M uket value. 

$1*3,000 00 

14,040 00 

11,100 00 

1,485 00 

2 50 

12,815 00 

11,500 00 

6,550 00 

1,800 00 

6,000 00 

35,000 00 



$227,000 00 $254,182 50 
Securities held as collateral for cash loans : — 



100 shares Schraeder M. and M. Co., . 
Real Estate Mortgage Company, 
Allegheny Valley Railroad, 
Temporary loan secured, 



Market value. 

$7,800 00 

10,000 00 

1,140 00 

4,300 00 



}• 



Loaned thereon. 

$5,800 00 

600 00 
4,300 00 



523,240 00 $10,700 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $328,800 00 
Loans on mortgage of real estate (first liens*), 521,599 99 

Interest due or accrued thereon, . . . 9,035 22 

Stocks, bonds, etc., as per schedule, . . 254,182 50 

Loans on collateral security, as per schedule, 10,700 00 

Cash in the office of the company, . . 28,364 15 

deposited in bank, .... 66,531 44 

Interest due and accrued, .... 2,445 35 

Premiums in course of collection (gross), . 37,710 63 

Perpetual insurance deposit, . . . 1,710 00 

Rents due and accrued, .... 2,380 50 

Gross assets, 

Liabilities. 

Losses claimed and reported, . . . §27,803 57 

disputed or resisted, . . . 3,068 92 

Total amount of losses, .... $30,877 49 

Less reinsurance, 300 00 

Net amount of unpaid losses, . . . $30,577 49 

Unearned premiums on outstanding risks, . 238,480 74 



$1,263,509 78 



* Total value of property mortgaged, . . . $1,691,637 00 
Amount of insurance held as collateral, . . 271,275 00 



1885.] 



INS. COS. OF OTHER STATES. 



219 



Reclaimable on perpetual fire policies, 
Due and accrued for rent, salaries, etc , 
State and local taxes, .... 
Commissions and brokerage, 
Return premiums, .... 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$136,003 32 

996 38 

273 89 

8,042 04 

1,714 04 



Surplus over capital, 

Income. 

Cash received for fire premiums, . . $367,472 96 
Deduct reinsurance and return premiums, . 37,348 78 

Net cash received for fire premiums, . . 

Interest received on mortgages, . 

and dividends received from all other sources, 

Income from rents, 

Deposits rec'd for perpet'l fire risks, $16,765 69 

Gross cash income, 

Expenditures. 

Cash paid for fire losses, .... $145,631 56 
Deduct salvage and reinsurance, . . 4,779 58 

Net cash paid for fire losses, . . . 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees 

for State and local taxes, . 

for postage, 

for incidentals, .... 
Deposits ret'd on perpet'l fire risks, $2,368 94 



$416,987 90 

$846,521 88 
300,000 00 

$346,521 88 



Gross cash expenditures, 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 
Perpetual risks (included above), 



.$48,880,499 00 

. 33,792,014 00 

.$82,672,513 00 

. 31,984,975 00 

. $50,687,538 00 

912,670 00 

. $49,774,868 00 

. $5,527,807 00 



$330,124 18 
29,003 91 
16,407 59 
15,491 07 

$391,026 75 



$140,851 98 
69,000 00 
59,137 72 
40,472 31 
15,885 89 
1,656 86 
23,804 40 



$350,809 16 

Premiums. 

$598,978 90 
354,425 96 

$953,404 86 
324,002 97 

$629,401 89 
9,685 26 

$619,716 63 
$151,114 80 



220 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (23 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$6,831,869 00 
2,967341 91 
1,060,196 00 

69,000 00 

135,854 04 

85,900 00 



GLENS FALLS INSURANCE COMPANY, GLENS FALLS, N. Y. 

[Incorporated May, 1849. Commenced business May, 1850.] 

Paid-up Capital, $200,000. 

R. M. Little, President. J. L. Cunningham, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, 

N. Y Cent, and Hudson River R. R. bonds, . 
New York and Harlem Railroad bonds, 
First Nat'l Bank (Glens Falls) stock, . 



Par value. 

$520,000 00 
50,000 00 
50,000 00 
10,000 00 



Market value 

$601,325 00 
66,750 00 
68,750 00 
17,500 00 



$630,000 00 $754,325 00 



Summary of Assets Dec. 31, 1885. 



Cash value of unencumbered real estate, . 
Loans on mort'ge of real estate (first liens*), 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, 
Premiums in course of collection (gross), 

Gross assets,f .... 

Deduct special deposit in Virginia, 



Balance, 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, . 

Net amount of unpaid losses, 



$12,575 00 

530,345 75 

6,337 66 

754,325 00 

631 63 

133,449 27 

52,988 10 



$1,490,652 41 
10,350 00 

$1,480,302 41 



$7,716 31 

15,451 00 

4,250 00 

$27,417 31 
800 00 

126,617 31 



* Value of lands mortgaged $545,925 00 

Value of buildings thereon, .... 5'o0,375 00 

Amount of insurance held as collateral, . . 44S.300 00 

■f Including $200,000 Special Reserve Fund held under New York law. 



1885.] 



INS. COS. OF OTHEE STATES. 



221 



Unearned premiums on outstanding risks, . $514,267 12 

Commissions and brokerage, . . . 8,192 90 

Gross liabilities, except capital, . . $549,077 33 

Deduct liability on special deposit, . . 1,720 67 



Surplus as regards policy-holders, 
Paid-up capital 200,000 00 

Surplus over capital, $732,945 75 



$547,356 66 



$932,945 75 



Income. 

Cash received for fire premiums, . . $625,077 00 
Deduct reinsurance and return premiums, . 76,039 02 

Net cash received for fire premiums, . . $549,037 98 

Interest received on mortgages, 29,297 43 

and dividends received from all other sources, . 30,616 78 

Income from rents, 225 00 



Gross cash income, 



. $609,177 19 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, . 

Net cash paid for fire losses, 

Cash dividends paid, 

paid for commissions and brokerage, 
salaries of officers and employees, 
State and local taxes, . 
incidentals, 



$305,350 65 
8,062 16 



Gross cash expenditures, 



$297,288 49 
30,000 00 
103,589 25 
40,697 99 
15,121 88 
39,708 50 

$526,406 11 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, 

. Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



Premiums. 

1,341,372 00 $863,159 09 
. 59,187,337 00 640,372 21 



$145,528,709 00 $1,503,531 30 
. 49,768,058 00 517,796 89 



. $95,760,651 00 $985,734 41 
. 1,326,753 00 17,217 69 



Net amount in force, 



. $94,433,898 00 $968,516 72 



222 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (15 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



16,804,411 77 

3,629,375 59 

38O,OQ0 00 

80,000 00 

287,160 71 
70,630 00 



GREENWICH INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated May 5, 1834. Commenced business Jan. 1, 1835.] 
Paid-up Capital, $200,000. 

Samuel C. Harriot, President. Mason A. Stone, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $255,<>00 00 $306,707 50 

District of Columbia bonds, . . . 125,000 00 145,000 00 

N. Y., Cent, and Hudson River R. R. bonds, 150,000 00 186,500 00 

Albany and Sus. Railroad bonds, . . 80,000 00 94,000 00 

Harlem River and Portchester R. R. bonds, 10,000 00 12,00 ) 00 

Rensselaer and Saratoga Railroad stock, . 21,500 00 34,4u0 00 

National Broadway Bank stock, . . . 17,500 00 49,«JlO 00 



$659,000 00 $828,207 5( 



Securities held as collateral for cash loans : — 



5 shares American Ex. Fire Ins. Co., 

10 ' 
25 ' 
27 ' 
50 
20 



. Home Fire Ins. Company, . 
American Express Co., 
United States Life Ins. Co., 
Bowery National Bank, 
Chatham National Bank, . 
Central Gas Light Company stock, 
87 shares Williamsburgh Gas Light Co., . 
50 " Jersey City Insurance Co., . 
200 " Chic, Rock Is. and Pacific R.R., 
300 " Morris and Essex Railroad, 

10 " Real Estate Ex. and Auction Room, 
St. Louis and Iron Mountain R. R. bonds, . 
Mil. and St. Paul Railroad bonds, 



Market value. 


Loaned thereon. 


6525 00 


$4U0 00 


1,350 00^ 
2,550 00/ 


2,700 00 


1,215 00 


850 00 


8,750 00 


5,0 00 


800 00 


6o0 00 


14,000 00^ 




6,960 00 |. 
2,500 00 J 


17,000 00 




25,600 00 


00 


19,500 00 


10,000 00 


1,040 00 


600 00 


6,000 00 ) 
6,400 00 S 


9,000 00 




$97,190 00 


$48,650 00 



1885.] 



INS. COS. OF OTHER STATES. 



223 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $170,000 00 

Loans on mortgage of real estate (first liens*) , 2 1 ,000 00 

Stocks, bonds, etc., as per schedule, . . 828,207 50 

Loans on collateral security, as per schedule, 48,650 00 

Cash in the office of the company, . . 11,343 80 

deposited in bank, .... 89,356 83 

Premiums in course of collection (gross), . 82,051 44 

Notes taken for marine and inland risks, . 1,899 60 

Rents due and accrued, .... 750 00 

Gross assets, ...... 



,253,259 17 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 
Less reinsurance, .... 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, 
Return premiums, 

Gross liabilities, except capital, 

Surplus as regards policy-holders, 
Paid-up capital, .... 



$2,500 00 

137,555 69 

15,810 50 



$155,866 19 
5,591 42 

$150,274 77 

532,135 87 

18,000 00 

800 00 



Surplus over capital, 



701,210 64 

$552,048 53 

200,000 00 

$352,048 53 



Income. 

Cash received for fire premiums, . . $821,758 26 
Deduct reinsurance and return premiums, . 85,693 73 

Net cash received for fire premiums, . . 

Cash received for marine and inPd prem's, $150,037 35 
Deduct reinsurance and return premiums, . 14,822 33 

Net cash rec'd for marine and inl'd prem's, 

Interest received on mortgages 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, 



$736,064 53 



135,215 02 

1,260 00 

35,194 63 

11,940 19 

$919,674 37 



* Value of lands mortgaged $44,500 00 

Value of buildings thereon, .... 30,000 00 

Amount of insurance held as collateral, . . 25,500 00 



224 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



$68,309 68 
8,634 33 



Expenditures. 

Cash paid for fire losses, .... $453,803 08 

Deduct salvage and reinsurance, . . 24,324 58 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rent and incidentals, 

Gross cash expenditures, 



8429,478 50 



59,675 35 

20,000 00 

197,508 78 

44,756 00 

11,369 30 

30,615 26 



1793,403 19 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

$193,347,239 00 $997,104 00 
160,846,111 00 832,721 46 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



Net amount in force, 

Perpetuals in force (included above), 



$354,193,350 00 $1,829,825 46 
149,628,279 00 802,476 64 



$204,565,071 00 $1,027,348 82 
7,549,023 00 64,384 91 



$197,016,048 00 $962,963 91 
$50,000 00 $1,035 00 



Marine risks outstanding Dec. 31,1884, . $3,197,916 00 $65,392 00 
written during 1885, . . 36,354,606 00 147,626 03 



Total, 

Deduct risks expired and terminated, . 

In force at end of year. 
Deduct amount reinsured, . 

Net amount in force, 



.$39,552,522 00 $213,018 03 
. 35,528,993 00 157,270 61 



$4,023,529 00 $55,747 42 
398,750 00 4,434 24 



. $3,624,779 00 $51,313 18 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, . . , , 



$6,089,554 00 

3,211,995 00 

1,898,000 00 

20,000 00 

452,485 00 

56,134 00 

71,850 00 



1885.] INS. COS. OF OTHEE STATES. 225 



GUARDIAN FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated February, 1865. Commenced business February, 1865.] 

Paid-up Capital, $200,000. 

William C. Thompson, President. Walter K. Paye, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

District of Columbia bonds, . . . $200,000 00 $234,000 00 

Harlem River and Portchester R. R. bonds, 15,000 00 18,750 00 



$215,000 00 $252,750 00 

Summary of Assets Dec. 31, 1885. 
Loans on mortgage of real estate (first liens*), $5,500 00 
Interest due or accrued thereon, ... 75 00 

Stocks, bonds, etc., as per schedule, . . 252,750 00 
Cash in the office of the company, . . 1,528 35 

deposited in bank, .... 3,063 69 

Premiums in course of collection (gross), . 7,373 91 

Gross assets, $270,290 95 

Liabilities. 

Unearned premiums on outstanding risks, . $32,854 40 

Due for borrowed money, .... 16,000 00 

Commissions and brokerage, . . . 1,167 00 

Gross liabilities, except capital, . . 50,021 40 



Surplus as regards policy-holders, .... $220,269 55 
Paid-up capital, 200,000 00 



Surplus over capital, $20,269 55 

Income. 

Cash received for fire premiums, . . $67,488 98 
Deduct reinsurance and return premiums, . 8,906 59 

Net cash received for fire premiums, . . . $58,582 39 

Interest received on mortgages, 330 00 

and dividends received from all other sources, . 8,200 00 

Income from miscellaneous, 505 65 

Borrowed money, $7,500 00 



Gross cash income, $67,618 04 



* Value of lands mortgaged, .... $8,000 00 

Value of buildings thereon 12,500 00 

Amount of insurance held as collateral, . . 12,500 00 



226 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 
Net cash paid for fire losses, .... 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, . 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$8,066,279 00 
9,262,180 00 



$26,863 10 

12,000 00 

14,781 56 

11,352 78 

1,012 09 

8,020 88 

$74,030 41 



Premiums. 

$59,657 14 
68,432 13 



$17,328,459 00 $128,089 27 
8,874,102 00 61,643 50 



i,454,357 00 
374,488 00 



$66,445 77 
59 62 



$8,079,869 00 $63,686 U 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$1,575,089 

953,370 00 

239,000 00 

12,000 00 

23,697 00 

82,500 00 



HANOVER FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated April, 1S52. Commenced business April, 1852.] 

Paid-up Capital, §1,000,000. 

Benj. S. Walcott, President. I. Remsen Lane, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Connecticut State bonds, 
New York and Harlem River R. R. bonds, 
Erie Railway bonds, .... 
Union Pacific Railroad bonds, 
Cairo and Fulton Railroad bonds, 
New York Elevated Railroad bonds, . 
Kansas Pacific Railroad bonds, . 
Richmond and Allegheny Railroad bonds, 
Flint and Pere Marquette Railroad bonds, 



Par value. 


Market valu« 


. $1,325,000 00 $1,576,161 2, 


20,000 00 


20,584 O 


25,000 00 


34,625 01 


54,000 00 


69,120 0< 


75,000 00 


88,750 0< 


25,000 00 


28,000 (X 


20,000 00 


25,600 0( 


50,000 00 


50.000 (X 


25,000 00 


18,250 0( 


30,000 00 


34,800 (X 



1885.] 



INS. COS. OF OTHER STATES. 



227 



Chicago, Mil. and St. Paul Railroad bonds, 
Chicago, Burl, and Quincy R. R. bonds, 
Norfolk and Western Railroad bonds, 
Richmond and Danville Railroad bonds, 
New York, Chic, and St. Louis R. R. bonds 
Milwaukee and St. Paul Railroad bonds, 
Mo., Kansas and Texas Railroad bonds, 
St. Louis and Iron Mountain R. R bonds, 
100 shares Rensselaer and Saratoga R. R., 
75 " Metropolitan National Bank, 
150 " American Exchange Nat'l Bank, 
100 " Central Trust Company, . 



Par value. 

^25,000 00 

25,000 00 

5,000 00 

25,000 00 

10,000 00 

6,000 00 

5,000 00 

5,000 00 

10,000 00 

7,500 00 

15,000 00 

10,000 00 



Market value. 

$30,250 00 

25,000 00 

5,150 00 

28,750 00 

9,800 00 

7,590 00 

5,775 00 

5,825 00 

16,300 00 

2,287 50 

19,200 00 

33,300 00 



$1,797,500 00 $2,135,117 75 



Summary of Assets Dec. 31, 1885. 
Loans on mort'ge of real estate (first liens *), $109,250 00 
Interest due or accrued thereon, . . . 472 72 

Stocks, bonds, etc., as per schedule, . . 2,135,117 75 
Cash in the office of the company, . . 43,197 76 

deposited in bank, .... 57,195 04 

Interest due and accrued, .... 8,586 67 

Premiums in course of collection (gross), . 125,314 19 

Gross assets, 

Deduct special deposits in other States, .... 
Premiums more than 3 mos. due, $2,058 25 



Balance, 



$2,479,134 13 
124,212 50 

$2,354,921 63 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 
Less reinsurance, . 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Commissions and brokerage, 

Gross liabilities except capital, 
Deduct liabilities on special deposits, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$56,457 17 

49,905 25 

36,830 22 

$143,192 64 

1,842 61 

$141,350 03 

890,312 28 

1,820 55 

1,033,482 86 

43,469 50 



990,013 36 

. $1,364,908 27 
. 1,000,000 00 



Surplus over capital, 



$364,908 27 



* Value of lands mortgaged, $111,500 00 

Value of buildings thereon, .... 1*35,50000 
Amount of insurance held as collateral, . . 106,000 00 



228 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums, . . $1,471,401 42 

Deduct reinsurance and return premiums, . 197,516 62 

Net cash received for fire premiums, . . $1,273,884 80 

Interest received on mortgages, 7,944 91 

and dividends received from all other sources, . 91,600 97 



Gross cash income, 



$ 1,373,430 68 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, .... 



$790,220 38 
11,454 41 



$778,765 97 
100,000 00 
246,251 58 
170,958 44 
38,472 91 
146,081 15 

. $1,480,530 05 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, 



Risks and Premiums. 

Premiums. 

$160,532,992 00 $1,793,464 91 
. 140,586,102 00 1,472,519 61 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$301,119,094 00 §3,265,984 52 
. 134,247,772 00 1,502,422 64 



§166,871,322 00 $1,763,561 88 
. 3,400,254 00 29,248 71 



$163,471,068 00 $1,734,313 11 



Miscellaneous. 

Premiums received from organization of company, . 

Losses paid from organization of company, 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), . 

Fire losses incurred during the year, 

Company's stock owned by directors, .... 



$16,694,232 

9,047,245 00 

1,509,500 00 

100,000 00 

751,963 00 

149,600 00 



1885.] 



INS. COS. OF OTHER STATES. 



229 



HARTFORD FIRE INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated May, 1810. Commenced business August, 1810.] 

Paid-up Capital, $1,250,000. 

George L Chase, President. C. B. Whiting, Secretary. 



Detailed Statement of Stocks, 

511 shares Hartford Nat'l Bank, Hartford, . 

467 ■ 

300 ' 

200 « 

182 « 

150 ■ 

172 ' 

315 ' 

208 ' 

100 ' 

230 ■ 

200 ' 

100 ■ 

300 ' 

334 ' 

225 ■ 

300 ' 

100 ' 

200 ' 

50 ' 

106 * 

32 « 

109 •■ 

24 « 

39 ' 

100 ' 

125 * 



1 Phoenix Nat'l Bank, Hartford, . 

' American Nat'l Bank, Hartford, . 

1 Charter Oak Nat'l Bank, Hartford, 

Farmers' and Mech Nat'l B'k, Hart., 

1 Mercantile Nat'l Bank, Hartford, 

' First Nat'l Bank, Hartford, 

' ^Etna Nat'l Bank, Hartford, 

1 City Bank, Hartford, . 

1 Conn. River Bank, Hartford, 

1 Conn. Trust and S. D. Co., Hart. 

1 American Exch. Nat'l B'k, N. Y., 

' Nat'l Bank of Commerce, N.Y. 

' Imp and Trad. Nat'l Bank, N.Y., 

1 Merchants' Nat'l Bank, N. Y., 

1 Metropolitan Nat'l Bank, N.Y., 

1 Bank of America, N.Y., 

' Bank of North America, N. Y., 

1 Manhattan Co. Bank, N. Y., 

6 First Nat'l Bank, Albany, . 

' Blackstone Nat'l Bank, Boston, 

1 Nat'l Bank of Commerce, Boston, 

■ Second Nat'l Bank, Boston, 

1 Hide & Leather Nat'l B'k, Boston 

1 Atlantic Nat'l Bank, Boston, 

1 First Nat'l Bank, Boston, • 

1 Boylston Nat'l Bank, Boston, 

Merchants' Bank (in liq.), St. Louis, 

150 " Montreal Bank, Montreal, . 

65 " Ontario Bank, Bowmansville, 

120 " Conn. River Company, 

20 " Conn. River Railroad Company, 

700 " N. Y., N. H. and Hart. R. R. Co. 

200 " Chicago, R.I. and Pacific R.R. Co. 

700 " Chicago and N. W. R. R. Co., 

660 " Chic, Burl, and Quincy R.R. Co., 

770 " Chic, Mil. and St. Paul R R. Co., 

200 " Union Pacific R. R. Co., . 

United States bonds, .... 

Tennessee State bonds, 



Bonds, etc. 

Par value. 

$51,100 00 

46,700 00 

15,000 00 
20,000 00 

18,200 00 

15,000 00 

17,200 00 

31,500 00 

20,800 00 

5,000 00 

23,000 00 

20,000 00 

10,000 00 

30,000 00 

16,700 00 

22,500 00 

30,000 00 

7,000 00 

10,000 00 

5,000 00 

10,600 00 

3,200 00 
10,900 00 

2,400 00 

3,900 00 

10,000 00 

12,500 00 

10,000 00 

30,000 00 

6,500 00 

12,000 00 

2,000 00 

70,000 00 

20,000 00 

70,000 00 

66,000 00 

77,000 00 

20,000 00 

205,000 00 

33,000 00 



Market value. 

$84,315 00 
65,380 00 
21,750 00 
28,000 00 
18,928 00 
14,700 00 
17,544 00 
36,225 00 
13,520 00 

4,800 00 
31,050 00 
25,400 00 
16,000 00 
79,500 00 
21,710 00 

6,300 00 
50,400 00 

7,700 00 
15,400 00 

8,500 00 
11,686 50 

3,848 00 
17,167 50 

2.856 00 
5,421 00 

20,725 00 

16,281 25 

1,000 00 

60,225 00 

6.857 50 
3,000 00 
3,340 00 

140,000 00 

25,800 00 

81,700 00 

90,090 00 

83,880 00 

11,000 00 

230,625 00 

18,150 00 



230 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Alabama State, class A, 

Minnesota State bonds, 

South Carolina (Brown Consols), 

Toledo, Ohio, Water Works, 

Harlem River and P. C. R. R. Co , 

New Brunswick, N. J., bonds, 

Pawtucket, R. I., bonds, 

Dubuque, Iowa, bonds, 

Des Moines, Iowa, bonds, . 

Chicago and West Ind. R. R. bonds, 

Minneapolis Union R'y bonds, 

Cleve., Col , Cin. and Ind. R'y bonds, 

Nashville and Decatur bonds, 

Indianapolis and Vin. R'y bonds, 

Albany and Susq. bonds, 

Chicago and N. W. Debentures, . 

No. Pacific bonds, 

N.Y. Cent, and H. R. R. R. Debentures, 



Par value. 

110,000 00 
3,000 00 
14,600 00 
5,000 00 
50,000 00 
45,000 00 
75,000 00 
25,000 00 
50,000 00 
73,000 00 
50,000 00 
8,000 00 
50,000 00 
32,000 00 
50,000 00 
25,000 00 
50,000 00 
50,000 00 



Market value. 

$10,000 00 

3,000 00 

15,805 00 

6,250 00 

67,500 00 

49,500 00 

90,000 00 

28,000 00 

57,500 00 

78,840 00 

57,500 00 

9,760 00 

58,500 00 

35,840 00 

58,000 00 

25,687 50 

57,000 00 

54,312 50 



$1,755,200 00 $2,163,769 75 



Securities held as collateral for cash loans : — 

Market value 

200 shares New London and Northern R. R., $24,400 00 

Cin. and Springfield R.R. bonds, . . . 1,140 00^ 

Indianapolis and Cin. R. R. bonds, . . 3,000 00 

St. L., Kansas City and N. R'y bonds, . . 10,700 00 

The Quincy and Toledo R. R. bonds, . . 1 ,900 00 

Decatur and East St. L. R. R. bonds, . . 3,000 00 

Wabash, St. L. and Pacific R.R bonds, . . 8,100 00 j» 

Toledo, Peoria and West. R.R. bond certs., . 5,000 00 

40 shares Yale and Towne Manuf. Co., . 4,000 00 
150 " The American Tel. and Cable Co , 10,500 00 

50 " N.Y. and N. H. R.R. Co., . . 10,000 00 
100 u N. Y. Cent, and Hudson R. R.R. Co., 10,000 00 J 

Wabash, St. L. and Pacific R. R. bonds, 52,500 00 

Peoria and Pekin Union R. R. bonds, . . 8,000 00 

414 shares Citizens R'y Co., St. Louis, . . 41,400 00 



Loaned thereon. 

$20,000 00 



45,000 00 



50,000 00 
20,000 00 



$193,640 00 $135,000 00 



Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $639,675 60 
Loans on mortgage of real estate (first liens*), 1,040,400 00 
Interest due or accrued thereon, . . . 17,985 20 



* Value of lands mortgaged, .... $1,272,125 00 
Value of buildings thereon, .... 1,474, Si)0 00 
Amount of insurance held as collateral, . . 883,539 00 



1885.] 



INS. COS. OF OTHER STATES. 



231 



Stocks, bonds, etc., as per schedule, . . $2,163,769 75 
Loans on collateral security, as per schedule, 135,000 00 
Cash in the office of the company, . . 12,030 33 

deposited in bank, . . . . 372,516 84 
Interest due and accrued, .... 4,188 28 

Premiums in course of collection (gross), . 344,651 48 
Rents due and accrued, .... 1,931 64 

Tax advanced for non-resident stock, . . 13,192 80 

Gross assets, 

Deduct special deposits in other States, .... 



Balance, 



:,745,341 92 
253,983 00 

,,491,358 92 



Liabilities. 

Losses adjusted, unpaid, .... $77,178 09 

claimed and reported, . . . 138,693 55 

disputed or resisted, .... 69,997 19 

Unearned premiums on outstanding risks, . 1,733,863 88 

Commissions and brokerage, . . . 32,250 00 

Gross liabilities, except capital, . . $2,051,982 71 

Deduct liabilities on special deposits, . . 151,890 24 

Surplus as regards policy-holders, . . 



1,900,092 47 
2,591,266 45 



Paid-up capital, 1,250,000 00 

Surplus over capital, $1,341,266 45 



Income. 

Cash received for fire premiums, . . $2,633,687 57 
Deduct reinsurance and return premiums, . 325,019 71 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, 



$2,308,667 86 

61,653 98 

117,598 56 

22,615 90 

$2,510,536 30 



Expenditures. 
Cash paid for fire losses, .... $1,378,195 56 
Deduct salvage and reinsurance, . . 58,171 01 

Net cash paid for fire losses, . . . 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees 

for State and local taxes, . 

for incidentals, .... 

Gross cash expenditures, 



$1,320,024 55 
250,000 00 
343,836 89 
171,331 85 
51,959 33 
173,783 87 

$2,310,936 49 



232 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiamt. 

$275,378,171 00 $3,356,25:j 44 
205,865,179 00 2,633,730 68 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$481,243,350 00 $5,989,984 12 
196,880,251 00 2,460,771 95 



$284,363,099 00 $3,529,212 17 
6,326,659 00 105,242 75 



$278,036,440 00 $3,423,969 42 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$48,033,067 00 

30,030,950 00 

5,313,100 00 

250,000 00 

. 1,346,924 00 

166,400 00 



HOME INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated April, 1853. Commenced business April 13, 1853.] 

Paid-up Capital, $3,000,000. 

Charles J. Martin, President. John H. Washburn, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 
District of Columbia bonds, . 
Mississippi State bonds, 
Central Iowa Railroad bonds, 
Ohio and West Vir. Railway bonds, 
Peoria, Decatur and Evansville R'y bonds 
N. Y., Chicago and St. Louis R. R. bonds, 
Clev., Col., Cin. and Ind. Railroad bonds, 
Tol., Ann Arbor and Grand Trunk R.R. b'ds 
N. Y., L. E. and Western Railroad bonds, 
Lou., N. A. and Chicago Railway bonds, 
Chic, St. Paul, Minn, and Omaha R.R. b'ds 
Dunkirk, Warren and Pittsburgh R.R. b'ds 
Albemarle and Chesapeake Railroad bonds 
Jeff., Madison and Indianapolis R.R. bonds 
East Ten., Virginia and Georgia R.R. b'ds, 
New York city bonds, . 



Par value 

?2,100,000 00 $ 

100,000 00 

20,000 00 

50,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

200,000 00 

100,000 00 

50,000 00 

75,000 00 

60,000 00 

20,000 00 

50,000 00 

200,000 00 



Market value. 

2,763,390 00 

116,000 00 

20,000 00 

33,500 00 

115,000 00 

100,000 00 

97,000 00 

121,500 00 

95,000 00 

210,000 00 

102,500 00 

59,500 00 

87,000 00 

66,000 00 

23,000 00 

35,000 00 

202,000 00 



1885.] INS. COS. OF OTHER STATES. * 233 

Par value. Market value. 

1000 shares N. Y. C. and H. R. Railroad, . $100,000 00 $105,500 00 

1000 " Fort Wayne & Jackson R.R., . 100,000 00 93,000 00 

100 " Hanover National Bank, N. Y., 10,000 00 14,000 00 

200 " Am. Exchange Nat'l B'k, N. Y., 20,000 00 25,600 00 

80 . " Fourth National Bank, N. Y., . 8,000 00 10,000 00 

125 " St. Nicholas Nat'l Bank, N. Y., 12,500 00 14,375 00 

225 " Metropolitan Nat'l Bank, N. Y., 22,500 00 6,750 00 

200 " . Mercantile Nat'l Bank, N. Y., . 20,000 00 24,000 00 

180 " Merchants' Ex. Nat'l B'k, N. Y., 9,000 00 9,000 00 

160 " Chatham Nat'l Bank, N. Y., . 4,000 00 6,400 00 

100 " Nat'l B'k of Commerce, N. Y., . 10,000 00 15,800 00 

150 " Nat'l But. & Drov. B'k, N. Y., . 3,750 00 5,625 00 

200 " Bank of America, New York, . 20,000 00 33,000 00 

200 " Manhattan Company, N. Y., . 10,000 00 14,500 00 



§3,874,750 00 $4,623,940 00 

i 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

300 shares Chatham National Bank, . . $12,000 00 $7,750 00 

30 " St. Nicholas Bank, . . . 3,300 00 ^ 

Scotland County (Mo.) bonds, . . . 3,450 00/ ' ° 

Pitts., F. W. and Chicago Railroad bonds, . 1,390 00 1,000 00 

Houston and Texas Central Railroad b'ds, 980 00 600 00 

Cleve., Youngstown and Pitts. R. R. bonds, 27,900 00 25,000 00 

Lackawanna and Pittsburgh R. R. bonds, . 63,000 00 ^ 

Buckeye Creek Coal and Iron Co. bonds, . 4,500 00 / 

Lacka. and Pitts. R. R. Receiver's Certifs., . 20,000 00 16,000 00 

Toledo, Ann Arbor and Grand T. R. R. b'ds, 1,900 00 1,400 00 

United States bonds, 6,150 00 5,000 00 

20 shares Western Union Telegraph Co., . 1,460 00 600 00 

1\ " Continental National Bank, . . 825 00 500 00 



$146,855 00 $122,850 00 

Summary of Assets Dec. 31, 1885.* 
Cash value of unencumbered real estate, . $1,272,633 77 
Loans on mort'ge of real estate (first liensf ), 897,550 00 
Interest due or accrued thereon, . . . 20,370 60 

Stocks, bonds, etc., as per schedule, . . 4,623,940 00 
Loans on collateral security, as per schedule, 122,850 00 

* The company holds, also, instalment premium notes to the amount of $556,944.01 which 
do not enter into nor form any part of the assets of the company, as no portion of them is 
earned. Whatever value is attached to them would necessarily be counterbalanced by the 
addition of an exactly equal amount to the reinsurance liability, the entire sum consisting of 
" unearned premiums." 

f Value of lands mortgaged $1,199,700 00 

Value of buildings thereon, 935,550 00 

Amount of insurance held as collateral, . . 727,850 00 



234 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash deposited in bank, .... $245,795 99 

Interest due and accrued, .... 76,685 42 

Premiums in course of collection (net), . 190,806 94 

Notes taken for fire risks, .... 167,483 36 
Premiums more than 3 mos. due, $ 4,028 66 

Gross assets, 

Deduct special deposits in other States, .... 



Balance, 



$7,618,116 08 
197,000 00 

$7,421,116 08 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 

Less reinsurance and salvage, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

State and local taxes, .... 

Gross liabilities, except capital, . 
Deduct liabilities on special deposits, . 



$85,860 37 

218,719 73 

71,765 96 

$376,346 06 
2,862 08 

$373,483 98 

3,011,637 00 

5,000 00 

$3,390,120 98 
123,697 88 



3,266,423 10 



Surplus as regards policy-holders, 



. $4,154,692 98 



Paid-up capital, 3,000,000 00 

Surplus over capital, $1,154,692 98 



Income. 

Cash received for fire premiums, . . $3,860,106 20 
Deduct reinsurance and return premiums, . 285,688 91 

Net cash received for fire premiums, . . $3,574,417 29 

Interest received on mortgages, 61,290 57 

and dividends received from all other sources, . 203,473 79 



Gross cash income, 



. $3,839,181 65 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash dividends paid, .... 

paid for commissions and brokerage, 

for salaries of officers and employees, . 



$1,997,464 00 
6,754 59 



$1,990,709 41 
300,000 00 
694,634 72 
407,449 52 



1885.] 



INS. COS. OF OTHER STATES. 



235 



Cash paid for State and local taxes, . 

for incidentals, 

Gross cash expenditures, . . . 

Risks and Premiums. 



),657 41 
273,075 34 

!,746,526 40 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Premiums. 

$488,412,737 00 $5,341,588 00 
351,166,600 00 3,862,810 16 



$839,579,337 00 $9,204,398 16 
325,563,543 00 3,465,959 16 



$514,015,794 00 $5,738,439 00 
555,631 00 7,850 00 



$513,460,163 00 $5,730,589 00 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$66,222,328 29 

. 39,974,333 30 

. 6,715,000 00 

300,000 00 

. 2,014,534 57 

205,600 00 



HOWARD INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated March 9, 1825. Commenced business April 19, 1825.] 

Paid-up Capital, $400,000. 

Henry" A. Oakley, President. Charles A. Hull, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Delaware and Hudson Canal bonds, . 
United N. J. Railroad and Canal bonds, 
Buffalo, Bradford & Pittsburg R.R. bonds, 
Lake Erie and Western Railroad bonds, 
Kalamazoo and So. Haven Railroad bonds 
National Bank of Commerce stock, . 
Metropolitan National Bank stock, 
American Exchange National Bank stock, 
Merchants' National Bank stock, 
Bank of Manhattan Co. stock, 
Phenix National Bank stock, 
Consolidated Gaslight Co. stock, 



Par value. 

$315,000 00 

10,000 00 
4,000 00 

11,000 00 
3,000 00 
6,000 00 
2,800 00 
7,500 00 

16,000 00 

650 00 

1,500 00 

2,800 00 

17,000 00 



Market value. 

$405,835 00 

11,450 00 
5,000 00 

11,660 00 
2,550 00 
6,600 00 
4,648 00 
2,250 00 

21,120 00 

858 00 

2,295 00 

3,066 00 

17,000 00 



$397,250 00 $494,332 00 



236 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 
Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Cash deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents due and accrued, 

Gross assets, 

Liabilities, 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Dividends to stockholders uupaid, 
Commissions and brokerage, 
Due for reinsurance, . . . 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



Surplus over capital, 



31, 1885. 

$150,000 00 

5,900 00 

135 00 

494,332 00 

8,565 59 

504 50 

41,294 03 

533 33 



$17,642 60 

22,423 06 

2,611 50 

$42,677 16 
8,318 93 

$34,358 23 

184,902 88 

40 50 

1,226 86 

14,726 62 



$701,264 45 



235,255 09 

$466,009 36 
400,000 00 

$66,009 36 



Income. 
Cash received for fire premiums, . . $182,152 32 
Deduct reinsurance and return premiums, . 180,664 02 

Net cash received for fire premiums, . . $301,488 30 

Interest received on mortgages, 449 00 

and dividends received from all other sources, . 23,141 30 
Income from rents and miscellaneous, .... 3,642 50 

Gross cash income, $328,721 10 



Expenditures. 

Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 

Cash dividends paid, 

paid for commissions and brokerage, 



1254,691 90 
90,178 37 



$164,513 53 

31 50 

55,663 91 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$4,200 00 
7,800 00 
7,500 00 



1885.] 



INS. COS. OF OTHER STATES. 



237 



Cash paid for salaries of officers and employees, 
for State and local taxes, . 

for incidentals, 

for interest on borrowed money, 

Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$44,552,355 00 

50,028,172 00 

$94,580,527 00 

48,634,984 00 

$45,945,543 00 

13,947,413 00 



26,878 46 

11,899 90 

43,155 59 

2,246 18 

$304,389 07 



Premiums. 

$486,322 45 
474,348 34 

$960,670 79 
461,745 69 

$498,925 10 
147,020 98 



$31,998,130 00 $351,904 12 



Miscellaneous. 
Premiums received from organization of company, . . $8,585,624 00 
Losses paid from organization of company, . . . 5,830,930 00 
Cash dividends declared from organization of company, . 2,170,875 00 

Fire losses incurred during the year, 159,302 00 

Company's stock owned by directors, . . . 57,400 00 



PRESIDENT AND DIRECTORS OF THE INSURANCE COM- 
PANY OF NORTH AMERICA, PHILADELPHIA, PENN. 

[Incorporated April 14, 1794. Commenced business, 1792.] 

Paid-up Capital, $3,000,000. 

Charles Platt, President. Greville E. Fryer, Secretary. 



Detailed Statement 



United States bonds, . 
New Jersey State bonds, 
Boston city bonds, 
Baltimore city bonds, . 
Indianapolis city bonds, 
Hartford city bonds, . 
Toledo city bonds, 
Cincinnati city bonds, . 
Fall River city bonds, . 
Harrisburg city bonds, 
Providence city bonds, 
Newark oity bonds, 
Cleveland city bonds, . 
Dayton city bonds, . 



of Stocks, Bonds, etc' 

Par value. Market value. 

' $35,000 00 $42,700 00 

47,000 00 56,400 00 

200,000 00 240,000 00 

200,000 00 220,000 00 

30,000 00 34,800 00 

45,000 00 54,000 00 

21,000 00 24,150 00 

58,000 00 72,500 00 

30,000 00 33,300 00 

15,000 00 16,350 00 

25,000 00 30,000 00 

20,000 00 24,000 00 

30,000 00 37,500 00 

10,000 00 10,500 00 



238 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Par value. 

Burlington city bonds, .... $12,000 00 

Pennsylvania Railroad bonds, . . . 530,000 00 

Philadelphia and Reading Railroad bonds, 355,000 00 

North Penn. Railroad bonds, . . . 80,000 00 

Belvidere and Del. Railroad bonds, . . 50,000 00 

Penn. and N.Y. Canal and Railroad Co. bonds, 30,000 00 

Lehigh Valley Railroad bonds, . . . 335,000 00 

Delaware Railroad bonds, .... 25,000 00 

Phila., Wil. and Bait. Railroad bonds, . 39,000 00 

Delaware Div. Canal Co. bonds, . . . 15,000 00 

Delaware and Raritan Canal Co. loan, . 11,000 00 

Lehigh Coal and Nav. Co. bonds, . . 55,000 00 

Easton and Aniboy Railroad bonds, . . 100,000 00 

Philadelphia and Erie Railroad bonds, . 150,000 00 

Chicago and West. Ind. Railroad bonds, . 148,000 00 

Phila. and Reading Receiver's Certificates, . 50,000 00 

Northern Central R. W. Co's bonds, . . 10,000 00 

Pittsburg, McKees. and Yough. R. R. bonds, 50,000 00 

Belt R. R. and Stock Yard Co. bonds, . . 50,000 00 

Bergen County Railroad bonds, . . . 50,000 00 

New York and Pacific Car Trust Co. bonds, 186,000 00 

P. W. and B. R. R. Trust Certificates, . . 100,000 00 

N.Y. and Long Branch Railroad bonds, . 150,000 00 

Philadelphia and Bait. Cent. Railroad bonds, 100,000 00 

Oil Creek Railroad bonds, .... 50,000 00 

Delaware and Ches. Railroad bonds, . . 100,000 00 

N.Y., Lake Erie and West. Railroad bonds, 200,000 00 

Steubenville and Ind. Railroad bonds, . 200,000 00 

Corn., Cow. and A. Railroad bonds, . . 65,000 00 

New York, Chic, and St. Louis Certificates, 30,000 00 

N.Y., Lake Erie and West. Collat. Trust bMs, 50,000 00 

Terre Haute and Logansport R. R. bonds, 50,000 00 

Pennsylvania Car Trust bonds, . . . 50,000 00 

Texas and Pacific Railway Co. bonds, . 14,000 00 

Louisville and Nashville Railroad bonds, . 75,000 00 

Schuylkill River East Side Railroad bonds, 100.000 00 

Wrecking Boat " North America," . . 70,000 00 

Mutual Insurance Scrip, .... 75,865 00 

100 shares Philadelphia National Bank, . 10,000 00 

228 " Ches. and Delaware Canal Co., . 11,400 00 

50 " Sandy Hook,Quar.&C'y Is.Tel.Co., 1,000 00 



Market valoe. 

$14,400 00 

600,300 00 

425,850 00 

102,300 00 

60,000 00 

39,000 00 

423,600 00 

28,750 00 

43,680 00 

13,500 00 

11,880 00 

55,350 00 

111,000 00 

165,000 00 

162,800 00 

50,000 00 

10,800 00 

52,500 00 

55,000 00 

55,000 00 

179,700 00 

100,000 00 

162,000 00 

105,000 00 

50,000 00 

88,000 00 

210,000 00 

222,000 00 

68,250 00 

27,000 00 

50,000 00 

54,000 00 

51,500 00 

15,400 00 

82,500 00 

107,000 00 

70,000 00 

79,658 00 

21,000 00 

1,000 00 

1,000 00 



$4,599,265 00 $5,121,918 00 



Securities held as collateral for cash loans : — 

Market value. 

2 shares Ins. Co. State of Pennsylvania, $600 00 

27 " Pennsylvania Railroad r . . 1,461 00 

2 " Penn. Co. for Ins. Lives and Grant. An., 800 00 

1 " United Companies of New Jer., 205 00 



} 



Loaned thereon. 

$350 00 
2,000 00 



1885.] 



INS. COS. OF OTHER STATES. 



239 



Market value. Loaned thereon. 



26 shares Pennsylvania Railroad Co., 

30 " United R R. Companies of N.J., 

150 " Real Estate Trust Company, . 

25 " Westmoreland Coal Company, . 

25 " Insurance Co. of North America, 

20 " Philadelphia Warehouse Co., . 

Philadelphia and Reading Railroad bonds, 

Chicago and Northwest. Ind. Railroad bonds, 

Loans on Company 1 s own stock, $9,500 00 



$1,407 00 


§900 00 


6,150 00 


4,500 00 


1,500 00 ^ 




1,500 00 i 
900 00 f 


5,000 00 


2,200 00 J 




800 00 


400 00 


27,000 00 


25,000 00 



$44,523 00 $38,150 00 



Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $312,861 55 
Loans on mortgage of real estate (first liens*), 1,983,345 48 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule 
Cash deposited in bank, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Bills receivable, . . . 

Gross assets, 

Beduct special deposits in other States, 



Balance, 



26,589 55 
5,121,918 00 

38,150 00 
832,565 58 
440,886 22 
145,804 63 

65,968 94 



$8,968,090 95 
42,700 00 

$8,925,390 9.5 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, . 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Reclaimable on perpetual fire policies, 

Bills payable, 

Due for reinsurance, .... 

Gross liabilities, except capital, . 
Deduct liabilities on special deposits, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$49,744 94 

347,192 72 

57,407 21 



$454,344 87 
83,284 26 

$371,060 61 

2,030,562 10 

589,476 77 

5,155 37 

26,011 09 

$,022,265 94 
21,526 00 



Surplus over capital, 



3,000,739 94 

$5,924,651 01 
3,000,000 00 

$2,924,651 01 



* Total value of property mortgaged, . 
Amount of insurance held as collateral, 



$4,605,710 00 
1,641,066 00 



240 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums, . '. $2,444,547 36 

Deduct reinsurance and return premiums, . 287,048 94 

Net cash received for fire premiums, . . $2,157,498 42 

Cash rec'd for marine and inl'd premiums, $1,561,185 85 
Deduct reinsurance and return premiums, . 173,626 40 

Net cash rec'd for marine and inland prem's, 1,387,559 45 

Interest received on mortgages, 109,696 ^>o 

and dividends received from all other sources, . l'74,332 49 
Deposits rec'd for perpet'l fire risks, $48,128 69 



Gross cash income, 



. $3,929,087 01 



Expenditures. 



Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

deposits ret'd on perpet'l fire risks, $12,748 37 

Gross cash expenditures 



$1,401,281 
59,588 



44 
00 



? 1,341, 693 44 



$1,401,776 
174,294 



97 
69 



1,227,482 28 
600,000 00 
531,920 76 
129,877 88 
119,234 75 
253,387 46 

. $4,203,596 57 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . $277,561,849 00 $3,465,903 50 
written during 1885, . . 191,445,857 00 2,466,521 61 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



$469,007,706 00 $5,932,425 11 
173,390,243 00 2,293,769 25 



$295,617,463 00 $3,638,655 86 
6,095,979 00 78,402 81 



Net amount in force, . . . $289,521,484 00^3,560,253 05 
Perpetual s in force (not included above), $23,604,292 00 $620,501 00 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total 

Deduct risks expired and terminated, 



$15,706,590 00 $230,977 42 
217,564,978 00 1,557,682 45 



?233,271,568 00 $1,788,659 87 
213,940,902 00 1,549,930 63 



In force at end of year, 



§19,330,666 00 8238,7:29 24 



1885.] 



INS. COS. OF OTHER STATES. 



241 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



$75,162,032 54 

54,095,117 06 

9,003,934 25 

600,000 00 

1,400,000 00 

1,228,000 00 

140,720 00 



THE INSURANCE COMPANY OF THE STATE OF PENNSYL- 
VANIA, PHILADELPHIA, PA. 

[Incorporated April 8, 1794. Commenced business November 5, 1794.] 

Paid-up Capital, $200,000. 

Henry D. Sherrerd, President. Jos. H. Hollingshead, Secretary. 






Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

20 shares Philadelphia Bank, . . . $2,000 00 $4,300 00 

5 M Susquehanna and Y. T. Co., . 500 00 500 00 

10 " Easton and Wilkesbarre T. Co., 250 00 50 00 

341 " Lehigh Valley Railroad, . . 17,050 00 19,437 00 

Schuylkill Navigation Company bonds, . 3,000 00 2,040 00 

Lehigh Coal and Navigation Co. bonds, . 10,000 00 11,100 00 

Philadelphia city bonds, .... 30,000 00 36,000 00 

H., P., Mt. Joy and Lane. Railroad bonds, . 15,000 00 15,750 00 

Camden and Amboy Railroad bonds, . . 5,000 00 5,400 00 

American Steamship Company bonds, . 10,000 00 11,000 00 

Delano Land Company bonds, . . . 10,000 00 12,000 00 

United States bonds, 10,000 00 11,250 00 

Car Trust of New York bonds, . . . 11,000 00 10,780 00 

New York and Pacific Car Trust bonds, . 14,000 00 14,000 00 

Chicago and West. Indiana R. R. bonds, . 15,000 00 17,250 00 

Phila., Wil. and Baltimore R. R. bonds, . 20,000 00 20,000 00 

Philadelphia and Reading R. R. bonds, . 15,000 00 11,550 00 

Philadelphia and Reading Car Trust bonds, 10,000 00 8,000 00 

Corning, Cowanesque and A. R. R. bonds, . 12,000 00 12,000 00 

Shamokin, Sunbury and L. R. R. bonds, . 10,000 00 8,250 00 

Terre Haute and Logansport R. R. bonds, . 20,000 00 21,000 00 

Steubenville and Indiana Railroad bonds, . 20,000 00 21,800 u0 

Philadelphia and Reading Railroad cert's, . 15,000 00 15,000 00 

Mutual Insurance scrip, .... 86 70 86 70 



$274,886 70 $288,543 70 



242 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans 



Philadelphia and Reading Railroad bonds, 
400 shares Locust Gap Imp. Company, 
198 " Bethlehem Iron Company, 
225 '* Ins. Co. of No. America, . 
100 " Del. and Bound Br. Railroad, 
64 " Cambria Iron Company, . 
Muscanetcong Iron Company bonds, . 
East Broad Top Railroad bonds, . 
Rockhill Iron and Coal Company bonds, 



Market value. 



Loaned thereon. 



•"as s> •*»• « 



13,860 00 
7,875 00 

13,000 00 
7,040 00 

28,800 00 

10,400 00 
6,400 00 



} 



10,000 00 

25,000 00 

25,000 00 
15,000 00 



114,575 00 $ 100,000 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $68,800 00 
Loans on mortgage of real estate (first lien*), 111,050 00 

Interest due and accrued thereon, . . 2,522 80 

Stocks, bonds, etc., as per schedule, . . 288,543 70 

Loans on collateral security, as per schedule, 100,000 00 

Cash in the office of the company, . . 552 41 

deposited in bank, .... 17,352 20 

Interest due and accrued, .... 5,037 50 

Premiums in course of collection (gross), . 22,916 29 

Notes taken for marine and inland risks, . 7,898 23 

Rents due and accrued, .... 610 22 

Reinsurance perpetual deposit, . . . 1,580 00 

Gross assets, 



$626,863 35 



Liabilities. 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, 
Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$37,970 00 

103,084 36 

82,338 42 

230 00 

2,905 99 



Surplus over capital, 



226,528 ;: 

$400,334 58 
200,000 00 

$200,334 58 



Income. 

Cash received for fire premiums, 
Deduct reinsurance and return premiums, 
Net cash received for fire premiums, . 



$160,310 01 
26,224 24 



$134,085 77 



* Value of lands mortgaged, $141,400 00 

Value of buildings thereon 113.S00 00 

Amount of insurance held as collateral, . . 89,300 00 



1885.] 



INS. COS. OF OTHER STATES. 



243 



Cash received for marine and inl'd prem's, $68,451 83 
Deduct reinsurance and return premiums, . 15,398 78 

Net cash rec'd for marine and inl'd prem's, 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 

from profit and loss, 

Deposits received forperpetual fire risks, . .$1,427 38 

Gross cash income, 



$53,053 05 

4,812 50 

18,772 75 

4,395 79 

221 57 



$215,341 43 



$69,633 93 
14,071 21 

$73,213 46 
4,273 39 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for rent and incidentals, 

for repairs on real estate, . 

for profit and loss, 
Deposits ret'd on perpetual fire risks, . . . $1,703 00 

Gross cash expenditures, 



$55,562 72 



68,940 07 

20,110 00 

32,230 56 

14,000 00 

5,053 20 

21,923 98 

1,815 79 

1,037 94 



$220,674 26 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduet amount reinsured, . 

Net amount in force, 



.$17,339,007 00 
15,122,570 00 



$32,461,577 00 



• 10)t4l)WOl» \J\J 


.$17,040,492 00 
481,946 00 


.$16,558,546 00 

. $1,177,588 00 
. 8,139,059 00 


. $9,316,647 00 
. 8,236,744 00 


. $1,079,903 00 
8,350 00 


. $1,071,553 00 



Premiums. 

$162,086 44 
160,754 19 

$322,840 63 
160,037 31 

$162,803 32 
5,216 18 

$157,587 14 

$24,435 73 
66,715 23 

$91,150 96 
70,190 62 

$20,960 34 
124 39 

$20,835 95 



244 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, 



$17,671,117 00 
14*503,324 00 

4,106,40G 00 
20,000 00 
70,869 00 
54,878 00 
33,000 00 



JEFFERSON INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated March 4, 1824. Commenced business March 31, 1824.] 

Paid-up Capital, $200,010. 

Samuel E. Belcher, President. William B. Flowery, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, 

233 shares Delaware and Hudson Canal, . 
200 " Chicago, R. I. and Pacific R. R., 
200 " N.Y., Lackawanna and W.R.R., 
100 " N. Y and Harlem R. R., . 



Par ralue. 

$285,000 00 

23,300 00 

20,000 00 

20,000 00 

5,000 00 



Market ralue. 

$338,193 75 
22,542 75 
25,700 00 
19,900 00 
10,600 00 



$353,300 00 $416,936 50 



Securities held as collateral for cash loans : — 



243 shares Delaware and Hudson Canal, 
50 " Bank of America, 
Milwaukee and St. Paul Railroad bonds, 
40 shares Delaware and Hudson Canal, 



Market value. 

$23,510 -lb 
8,250 00 
2,400 00 
3,870 00 



} 



Loaned thereon. 

$19,000 00 
2,200 00 



$38,030 25 $21,200 00 



Summary of Assets Dec. 31, 1885. 

Loans on mortgage of real estate (first liens*) , $84,850 00 

Interest due or accrued thereon, . . . 2,121 25 

Stocks, bonds, etc., as per schedule, .. . 416,936 50 

Loans on collateral security, as per schedule, 21,200 00 

Cash in the office of the company, . . 1,125 99 

deposited in bank, .... 617 84 

Interest due and accrued, .... 2,374 00 

Premiums in course of collection (gross), . 6,416 19 
Premiums more than 3 months due, $212 08 

Gross assets, $535,641 77 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$129,500 00 
125,000 00 
105,950 00 



1885.] 



INS. COS. OF OTHER STATES. 
Liabilities. 



245 



Losses claimed and reported, 
disputed or resisted, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, . 
Commissions and brokerage, 
Return premiums, .... 

Gross liabilities, except capital, . 



$10,328 27 

1,100 00 

45,394 50 

666 67 

1,458 02 

311 22 



Surplus as regards policy-holders, 

Paid-up capital, 

Scrip outstand'g, not ordered to be redeemed, $200,853 30 

Surplus over capital, 



$81,056 38 
11,711 26 



Income. 

Cash received for fire premiums, 

Deduct reinsurance and return premiums, . 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 

Gross cash income, 

Expenditures. 

Cash paid for fire losses, .... $32,450 61 

Deduct salvage and reinsurance, . . 1,645 84 

Net cash paid for fire losses, 

Cash dividends paid, . 

Interest paid scrip-holders, . 

Cash paid for commissions and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, . 

for rent and incidentals, 

Gross cash expenditures, .... 
Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



.$13,659,618 00 
. 14,654,109 00 

.$28,313,727 00 
. 14,685,923 00 

.$13,627,804 00 
414,313 00 



59,258 68 

$476,383 09 
200,010 00 



$276,373 09 



$69,345 12 

5,697 10 

16,865 42 

$91,907 64 



$30,804 77 
20,001 00 
6,000 30 
8,177 40 
13,261 92 
3,631 74 
7,476 15 

$89,353 28 



Premium8. 

$84,856 81 
84,091 18 

M 68,9 47 99 
81,079 29 

$87,868 70 
1,481 63 



Net amount in force, 



.$13,213,491 00 $86,387 07 



246 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$1,252,500 34 

1,881,904 85 

1,706,893 43 

20,001 00 

40,359 11 

26,970 00 



LONG ISLAND INSURANCE COMPANY, BROOKLYN, N. Y. 

[Incorporated April, 1833. Commenced business November, 1833.] 

Paid-up Capital, $300,000. 

Jonathan Ogden, President. Henry Blatchford, Secretary. 

Detailed Statement of Stocks Bonds, etc. 



United States bonds, . 

New York Central Railroad bonds, 

New Utrecht School bonds, 



Par value. Market value. 

1110,000 00 |123,887 50 

48,000 00 50,400 00 

16,000 00 16,387 16 



$174,000 00 $190,674 66 



Summary of Assets, Dec. 31, 1885. 
Loans on mortgage of real estate (first liens*), $219,800 00 



Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, 

Premiums in course of collection (gross), 

Prems. more than 3 months due, . $1,371.93 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 



1,977 60 

190,674 66 

3,707 84 

21,330 86 

9,221 53 



$5,688 78 
1,950 00 
4,300 00 

$11,938 78 
1,359 62 

$10,579 16 
97,898 03 



f446,712 49 



* Value of lands mortgaged $193,900 00 

Value of buildings thereon 263,800 00 

Amount of insurance held as collateral, . 215,100 00 



1885.] 



INS. COS. OF OTHER STATES. 



247 



Due and accrued for rent, . 
Commissions and brokerage, 

Gross liabilities, except capital, 

Surplus as regards policy-holders, 
Paid-up capital, .... 



$666 66 
1,844 30 



Surplus over capital, 

Income. 

Cash received for fire premiums, . . . $179,225 46 
Deduct reinsurance and return premiums, . 18,798 31 

Net cash received for fire premiums, . . ■ 

Interest received on mortgages, 

and dividends received from all other sources, 

Gross cash income, 



$110,988 15 

$335,724 34 
300,000 00 

$35,724 34 



$160,427 15 

12,705 90 

9,254 60 

$182,387 65 



Expenditures. 
Cash paid for fire losses, . . . $1 

Deduct salvage and reinsurance, 
Net cash paid for fire losses, , . - 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, . . . . 
Risks and Premiums. 



10,314 23 
2,187 00 



$108,127 23 
30,000 00 
38,119 81 
14,067 86 
6,220 24 
14,528 46 

$211,063 60 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



.$32,569,616 00 
. 32,683,798 00 

.$65,253,414 00 
. 32,206,458 00 

.$33,246,956 00 
. 1,037,465 00 

.$32,209,491 00 $189,678 41 



Premiums. 

$155,196 72 
177,661 85 

$332,858 57 
137,497 80 

$195,360 77 
$5,682 36 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$3,560,182 00 

1,512,493 00 

1,454.308 00 

30,000 00 

90,554 00 

70,900 00 



248 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



MANUFACTURERS' AND BUILDERS 1 FIRE INSURANCE 
COMPANY, NEW YORK, N. Y. 

[Incorporated Nov. 19, 1870. Commenced business Nov. 22, 1870.] 

Paid-up Capital, $200,000. 

Edward V. Loew, President. J. Jay Nestell, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $52,200 00 $04,478 00 

District of Columbia bonds, . . . . 71,650 00 83,713 50 

New York and Erie Railroad bonds, . . 10,000 00 12,675 00 

Chicago, R. I. and Pacific Railroad stock, . 50,000 00 64,250 00 

N. Y. Central and H. R Railroad stock, . 70,000 00 73,850 00 

Illinois Central Railroad stock, . . . 11,700 00 15,556 00 

Delaware and Hudson Canal stock, . . 11, 60 J 00 11,223 00 

Long Island Railroad stock, . . . 10,000 00 8,000 00 

Forth Worth and Denver Railroad bonds, . 20,000 00 16,600 00 

Chicago, Burl and Quincy R. R. stock, . 2,400 00 3,303 00 



$309,450 00 $343,648 50 



Securities held as collateral for cash loans : — 



Morgan Steamship bonds, . 
110 shares Eleventh Ward Bank, 

20 " Eagle Fire Company, . 

40 " People's Fire Ins. Company, 
Erie Railway bonds, .... 



Summary of Assets Dec. 

Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 

deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), . 

Gross assets, 



Market value. 

}26,40<J 00 
3,712 50 
1,036 00 
2,120 00 

12,675 00 



Loaned thereon 

$22,500 00 

00 

1,500 00 

1,700 00 

9,605 00 



$46,843 50 


$37,805 00 


31, 1885. 




56,400 00 




2,192 00 




343,648 50 




37,805 00 




1,703 97 




14,o67 44 




1,620 69 




17,287 96 






<U7ri 995 5fi 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$51,000 00 
82,500 00 
3S.500 00 



-1885.] 



INS. COS. OF OTHER STATES. 



249 






Liabilities. 

Losses adjusted, unpaid, .... $1,619 43 

claimed and reported, . . . 8,790 07 

disputed or resisted, . . . 3,265 82 

Total amount of losses, .... $13,675 32 
Less reinsurance, 11 66 

Net amount of unpaid losses, . . . $13,663 66 

Unearned premiums on outstanding risks, . 104,730 91 

Dividends to stockholders unpaid, . . 600 00 

Due and accrued for rent, salaries, etc., . 1,416 56 

Commissions and brokerage, . . . 3,532 45 

Return premiums, 838 79 

Gross liabilities, except capital, . . 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, 

Income. 

Cash received for fire premiums, . . . $209,071 84 
Deduct reinsurance and return premiums, . 23,779 35 

Net cash received for fire premiums, . . 

Interest received on mortgages, . . 

and dividends received from all other sources, 

Gross cash income, 

Expenditures. 
Cash paid for fire losses, .... $122,947 84 
Deduct salvage and reinsurance, . . 2,661 31 

Net cash paid for fire losses, . „ . 

Cash dividends paid, 

paid for commissions and brokerage, . 

for salaries of officers and employees 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$30,674,496 00 
31,748,740 00 



^62,423,236 00 
30,182,396 00 



$32,240,840 00 
2,107,200 00 



$124,782 37 

$350,443 19 

200,000 00 

$150,443 19 



$185,292 49 

2,511 00 

17,526 47 

$205,329 96 



$120,286 53 

12,420 00 

40,498 79 

19,739 72 

5,054 74 

12,865 55 

$210,865 33 



Premiums. 

205,303 50 
206,082 55 

$111,386 05 
202,456 41 

$208,929 64 
10,698 59 



$30,133,600 00 $198,231 05 



250 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



§1,785,993 00 

661,841 00 

266,000 00 

12,000 00 

118,790 00 

79,500 00 



MANUFACTURERS' AND MERCHANTS 1 INSURANCE COMPANY, 

PITTSBURGH, PA. 

[Incorporated Feb. 28, 1865. Commenced business May 1, 1865 ] 

Paid-up Capital, $250,000. 

James I. Bennett, President. John D. Henry, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 





Par value. 


Market value 


United States bonds, .... 


$75,000 00 


$93,093 75 


Indiana (Pa.) Normal School bonds, . 


10,000 00 


10,000 00 


Allegheny County Riot bonds, . 


25,000 00 


25,650 00 


Pittsburgh and Western Railroad bonds, . 


26,000 00 


18,200 00 


Graff, Bennett & Co. (trustees) bonds, 


3,600 00 


3,600 00 


McKeesport school bonds, . 


5,000 00 


5,000 00 




$144,600 00 


$155,543 75 


Summary of Assets Di 


:c 31, 1885. 




Cash value of unencumbered real estate, 


$65,094 86 




Loans on mortg'e of real estate (first liens*) 


136,358 32 




Interest due or accrued thereon, . 


6,579 14 




Stocks, bonds, etc., as per schedule, . 


155,543 75 




Cash in the office of the company, 


409 70 




deposited in bank, 


37,474 64 




Interest due and accrued, . 


26 83 




Premiums in course of collection (net), 


7,517 31 




Notes taken for marine and inland risks, 


150 00 




Rents due and accrued, 


307 50 




Prems. more than 3 months due, . $1,234.33 






Gross assets, 

Liabilities. 




$409,462 05 




Losses adjusted, unpaid, 


$5,841 14 




claimed and reported, 


3,652 07 




* Value of lands mortgaged, 


. $275,000 00 




Value of buildings thereon, 


113,500 00 




Amount of insurance held as collatera 


1, . . 85,400 00 








1885.] 



INS. COS. OF OTHER STATES. 



251 



Losses disputed or resisted, . 
Unearned premiums on outstanding risks, . 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$2,284 47 
70,583 12 



Surplus over capital, 

Income. 

Cash received for fire premiums, . . $121,052 40 
Deduct reinsurance and return premiums, . 15,106 66 

Net cash received for fire premiums, . . 

Net cash rec'd for marine and inland prems., 

Interest and dividends received from all sources, 

Income from rents, etc., 

Gross cash income, 



$82,360 80 

$327,101 25 
250,000 00 

$77,101 25 



$105,945 74 

2,166 69 

14,268 45 

5,313 19 

$127,694 07 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, — 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for real estate expenses, 

for incidentals, 

Gross cash expenditures, .... 
Risks and Premiums. 



$48,469 94 
870 94 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 

Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, . 



$7,692,325 54 
10,916,733 10 



$17,599 00 
20,000 00 
17,222 08 
8,404 41 
3,036 20 
3,474 16 
4,779 93 

$104,515 78 



Premiums. 

$97,474 29 
123,464 24 



$18,609,058 64 1220,938 53 
7,504,358 88 81,888 05 



$11,104,699 76 
263,687 49 



$139,050 48 
3,816 29 



$10,841,012 27 $135,234 19 



$27,000 00 
182,070 00 

$209,070 00 
189,070 00 



$1,905 00 
2,137 75 

$1,042 75 
2,697 75 



In force at end of year, 



$20,000 00 $1,345 00 



252 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



11,195,625 00 

441,142 00 

385,000 00 

20,000 00 

57,868 00 

146 00 

47,250 00 



MARINE INSURANCE COMPANY, ST. LOUIS. 

[Incorporated Jan. 25, 1837. Commenced business Feb. 1837.] 

Paid-up Capital, $200,000. 

James A Bartlett, Preside?it. Samuel G. Kennedy, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 



Kansas Pacific Railroad bonds, . 

St. Charles Water and Heating Co., bonds, . 

Palestine (Texas) water bonds, . 



Denver water bonds, . . . . 
Palestine water bonds, .... 

56 shares St. L and N. O. Anchor Line, 
100 " Boatman's Savings Bank, . 
100 " Ste. Mary's Mill Company, 

10 " Bank of Commerce, . 
Real estate mortgage note, . 



Par value. Market value. 

$120,000 00 $135,450 00 

33,000 00 33,000 00 

15,000 00 15,000 00 



$168,000 00 $183,450 00 



Securities held as collateral for cash loans : — 



Market value. Loaned thereon. 



$11,500 00 

10,000 00 

4,760 00 

11,500 00 

15,000 00 

4,500 00 

3,500 00 



} 



>20,000 00 

2,600 00 
3,300 00 
5,000 00 
3,500 00 
2,784 91 



$60,760 00 $37,184 91 



Summary of Assets Dec. 31, 1885.* 
Cash value of unencumbered real estate, . $2,000 00 

Loans on mortgage of real estate (first liensf), 16,015 45 



* The company holds, also, Instalment premium notes to the amount of $40,536 24 which 
do not enter into nor form any part of the assets of the company, as no portion of them is 
earned. Whatever value is attached to them would necessarily be counterbalanced by the 
addition of an exactly equal amount to the reinsurance liability, the entire sum consisting of 
" unearned premiums." 

t Total value of property mortgaged, . . . $34,100 00 
Amount of insurance held as collateral, . . 8,500 00 



1885.] 



INS. COS. OF OTHER STATES. 



253 



Stocks, bonds, etc., as per schedule, . . $183,450 00 

Loans on collateral security, as per schedule, 37,184 91 

Cash in the office of the company, . . 506 90 

deposited in bank, .... 18,154 01 

Premiums in course of collection (net), . 3,898 28 

more than 3 months due, $55 35 

Gross assets, 



$261,209 55 



Liabilities. 

Losses claimed and reported, 
disputed or resisted, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders 
Paid-up capital, 



$2,900 00 

1,112 37 

28,167 44 

136 00 



Surplus over capital, 



32,315 81 

$228,893 74 
200,000 00 

$28,893 74 



Income. 

Cash received for fire and tornado prem's, . $49,636 46 

Deduct reinsurance and return premiums, . 3,612 04 

Net cash received for fire and tornado prem's, $46,024 42 

Cash received for marine and inl'd prem's, $15,921 62 

Deduct reinsurance and return premiums, . 5,199 98 

Net cash rec'd for marine and inl'd prem's, 10,721 64 

Interest and dividends received from all sources, . . 13,650 05 

Gross cash income, $70,396 11 



Expenditures. 

Cash paid for fire losses, .... $21,468 48 
Deduct salvage and reinsurance, . . 215 22 

Net cash paid for fire losses, . . . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, - 

Cash dividends paid, 

paid for commissions and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



1,105 64 
601 20 



$21,253 26 



3,504 44 

7,864 00 

14,780 26 

8.543 34 
4,228 43 

5.544 53 



Gross cash expenditures, 



$65,718 26 



254 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 

Premiums. 

Fire and tornado risks outstad'g Dec. 31, '8 1, $2,913,605 00 $30,816 52 
written during 1885, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



Net amount in force, . 

Marine risks outstanding Dec. 31, 1884, 
written during 1885, 



Total, 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



7,038,051 00 


50,831 29 


$9,951,656 00 
3,349,633 00 


$81,647 81 
27,872 36 


$6,602,023 00 
44,350 00 


$53,775 45 
424 26 


$6,557,673 00 

$5,350 00 
2,086,569 00 


$53,351 19 

$48 38 
15,671 31 



$2,091,919 00 $15,719 69 
2,079,619 00 15,648 19 



$12,300 00 
2,000 00 

$10,300 00 



$71 50 
16 00 



155 50 



Miscellaneous. 
Dividends declared during the year (4 per cent.), 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



$8,000 00 

23,452 26 

4,855 44 

40,5U0 00 



MECHANICS 1 INSURANCE COMPANY, PHILADELPHIA, PA. 

[Incorporated April 19, 1854. Commenced business May 4, 1854.] 

Paid-up Capital, $250,000. 

Francis McManus, President. John H. Davis, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Philadelphia city bonds, 
St Louis city bonds, .... 
Borough of Clifton Heights (Pa.) bonds, 
Philadelphia and Erie Railroad bonds, 
Phila., Wil. and Bait. Railroad bonds, 
Steubenville and Indiana Railroad bonds, 



Par value. 

$100,000 00 
8,300 00 

10,000 00 
3,000 00 

15,000 00 
5,000 00 

25,000 00 



Market value. 

! 103,250 00 
10,014 00 
10,275 00 
3,100 00 
16,687 50 
5,700 00 
27,125 00 



1885.] 



INS. COS. OF OTHER STATES. 



255 



Union Pass. Railway Co. (Phila.) bonds, . 

Lombard and South Sts. Railway Co. bonds, 

Pennsylvania Car Trust Co. bonds, 

Phila. & Read'g R.R. Co. Car Trust bonds, 

Allegheny Car Trust bonds, 

Schuylkill River (East Side) Railroad cert's, 



Par value. 

}2U,000 00 

5,000 00 

10,000 00 

20,000 00 

6,000 00 

30,000 00 



Market value. 

$21,100 00 

5,000 00 

10,100 00 

20,000 00 

6,000 00 

32,250 00 



$257,300 00 $270,601 50 



Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

100 shares North Pennsylvania Railroad, . $7,000 00 "\ $10 000 00 

100 " Gerrnantown Pass. RWy Co., Phila., 9,000 00 / 



$16,000 00 $10,000 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $71,500 00 
Loans on mortgage of real estate (first liens*), 185,750 00 

Interest due or accrued thereon, . . . 3,070 28 

Stocks, bonds, etc., as per schedule, . . 270,601 50 

Loans on collateral security, as per schedule, 10,000 00 

Cash in the office of the company, . . 414 30 

deposited in bank, .... 13,525 74 

Interest due and accrued, .... 1,460 25 

Premiums in course of collection (gross), . 10,678 82 

Rents due and accrued, .... 262 65 

Gross assets, 



$567,263 54 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, 
Commissions and brokerage, 
Return premiums, .... 
Gross liabilities, except capital, . 

Surplus as regards policy-holders 
Paid-up capital, 



$1,566 70 

8,105 00 

60,438 04 

142,235 43 

128 00 

1,577 30 

615 00 



214,665 47 

$352,598 07 
250,000 00 



Surplus over capital, 



$102,598 07 



* Total value of property mortgaged, 
Amount of insurance held as collateral, . 



$378,600 00 
175,500 00 



256 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 



Cash received for fire premiums, 


$120,460 91 




Deduct reinsurance and return premiums, . 


15,166 02 




Net cash received for fire premiums, . 
Interest received on mortgages, . 




$105,304 89 
8,702 69 




and dividends received from all other sources, 


10,229 88 


Income from rents, etc., .... 


. 


5,121 17 


Deposits received for perpetual fire risks, . 


$10,138 40 




Gross cash income, .... 


$129,358 63 


Expenditures 






Cash paid for fire losses, .... 


$67,287 06 




Deduct salvage and reinsurance, 


66 32 




Net cash paid for fire losses, 




$67,220 74 
19,999 00 




paid for commissions and brokerage, 


. . . 


16,132 99 


for salaries of officers and employees, 


5,370 00 


for State and. local taxes, . 


• . . 


6,542 51 


for repairs on real estate, . 


. . 


1,178 53 


for incidentals, .... 


. . . 


2,949 37 


Deposit returned on perpetual fire risks, . 


$4,744 62 

• • • 




Gross cash expenditures, 


$119,393 14 


Risks and Premiums. 








Premiums. 


Fire risks outstanding Dec. 31, 1884, . 


$9,364,822 00 


$102,180 06 


written during 1885, . 


11,601,496 00 


122,504 18 


Total, 


$20,966,318 00 


$224,684 24 


Deduct risks expired and terminated, . 


10,867,531 00 


107,211 39 






In force at end of year $10,098,787 00 $117,472 85 

Perpetuals in force (not included above), . $6,901,786 00 $154,599 07 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$729,989 00 

291,066 00 

260,660 00 

20,000 00 

63,157 00 

71,550 00 



1885.] 



INS. COS. OF OTHER STATES. 



257 



MECHANICS' FIRE INSURANCE COMPANY, BROOKLYN, 

N. Y. 

[Incorporated May 7, 1857. Commenced business May 7, 1857.] 
Paid-up Capital, $250,000. 
John H. Mott, President. Walter Nichols, Secretary, 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
People's Gas Light Company stock, . 
Salisbury Railroad bonds, . 
200 shares Grand Belt Copper Company, 



Par value. 

$197,000 00 

5,000 00 

500 00 

20,000 00 



Market value. 

$239,900 00 

4,300 00 

500 00 

796 24 



$222,500 00 $245,496 24 



Securities held as collateral for cash loans 



20 shares Montauk Fire Insurance Co., 



Market value. Loaned thereon. 

$1,000 00 $300 00 



Summary of Assets Dec. 31, 1885. 

Loans on mortgage of real estate (first liens*), $121,300 00 

1,687 50 

245,496 24 

800 00 

1,733 38 

38,689 95 

9 00 

23,150 19 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the oflice of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
more than 3 mos. due, $2,148 71 

Gross assets, 

Deduct special deposit in Georgia, 



Balance, 



$432,866 26 
30,781 25 

$102,085 01 



Liabilities. 

Losses adjusted, unpaid, .... $18,69430 

claimed and reported, . . . 7,584 15 

Unearned premiums on outstanding risks, 131,023 23 



* Value of lands mortgaged, $85,500 00 

Value of buildings thereon, 186,000 00 

Amount of insurance held as collateral, . . 140,550 00 



258 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Due and accrued for rent, salaries, etc., . $940 00 

Commissions and brokerage, . . . 2,300 00 

Gross liabilities, except capital, . . $160,541 68 
Deduct liability on special deposit, . . 17,056 16 

Surplus as regards policy-holders, 
Paid-up capital, 



$142,885 52 

$259,199 49 
250,000 00 



Surplus over capital, 

Income. 

Cash received for fire premiums, . . . $292,610 81 
Deduct reinsurance and return premiums, . 66,388 62 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 

Gross cash income, 



£9,199 49 



$226,222 19 
7,451 00 
7,909 92 

$241,043 11 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, — 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, . . 

Risks and Premiums. 



$141,642 49 
3,213 58 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



. $30,348,825 00 
. 37,302,102 00 

.$67,710,927 00 
. 30,336,647 00 

. $37,374,280 00 
. 6,229,682 00 



$138,428 91 

12,500 00 

54,439 

17,949 

5,050 

■Jl 1[ 

$247,900 62 



Premiums. 
..752 31 
303,987 36 

,739 67 
,761 00 

$329,978 67 
.249 16 



. $31,144,598 00 $253,729 51 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$3,172,020 16 

1,408,431 43 

513,500 00 

12,500 00 

140.573 29 

84,350 00 



1885.] 



INS. COS. OF OTHER STATES. 



259 



MERCANTILE INSURANCE COMPANY, CLEVELAND, OHIO. 

[Incorporated November, 1871. Commenced business Dec. 23, 1871.] 

Paid-up Capital, §200,000. 

William J. Gordon, President. George A. Tisdale, Secretary, 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Lake Shore and Mich. So. Railroad bonds, 
Cleveland, Col., Cin. and Ind. R. R. bonds 
Chic, Mil. and St. Paul Railroad bonds, 
Cincinnati and Spring Railroad bonds, 
600 shares Lake Shore and Mich. So. R. R. 
100 " New York Cent. & Hud. R. R.R. 
100 " Chic. & North Western R. R., 
266 " Chic , Mil. and St. Paul R. it., 
100 " Cleveland and Pittsburgh R. R 
100 " Cleve., Col., Cin. and Ind. R. R 
50 " Union Central Depot & R'y Co. 



Par value. 

: 108,000 00 

1,500 00 
14,000 00 

5,000 00 
11,000 00 
60,000 00 
10,00u 00 
10,000 00 
26,600 00 

5,000 00 
10,000 00 

5,000 00 



Market value. 

$121,060 00 

1,600 00 

15,300 00 

6,500 00 

12,750 00 

53,400 00 

10,500 00 

11,000 00 

28,950 00 

7,250 00 

5,900 00 

5,000 00 



$266,100 00 $279,210 00 



Securities held as collateral for cash loans : — 
100 shares Commercial Nat'l Bank, . 



Market value. ' Loaned thereon. 

$15,000 00 $10,000 00 



Summary of Assets Dec. 31, 1885. 



Loans on mortgage of real estate (first liens*) , 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Salvage on losses paid, . $6,0i>0 00 

Wrecking pump, .... 1,000 00 
Office furniture, .... 500 00 



$7,500 00 



Gross assets, . 



$52,600 00 

1,658 35 

279,210 00 

10,000 00 

3,555 43 

30,694 78 

100 00 

9,039 29 

1,263 17 



$388,121 02 



Value of lands mortgaged, 
Value of buildings thereon, 



$104,000 00 
11,000 00 



260 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Due and accrued for rent, salaries, etc., 

Commissions and brokerage, 

Return premiums, .... 

Bills payable, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$965 44 

15,277 28 

1,250 00 

$17,492 72 
482 72 

$17,010 00 

68,999 52 

1,899 99 

1,575 15 

476 41 

141 68 



$90,102 75 

$298,018 27 
200,000 00 



Surplus over capital, 



$98,018 27 






Income. 

Cash received for fire premiums, 
Deduct reinsurance and return premiums, . 
Net cash received for fire premiums, . 
Cash received for marine and inl'd prem's, 
Deduct reinsurance and return premiums, . 

Net cash rec'd for marine and inl'd prem's, 

Interest received on mortgages 

and dividends received from all other sources, 

Gross cash income, 



$129,682 04 
15,453 95 

$50,650 76 
1,814 02 



$114,228 09 



48,836 
3,319 
7,910 



74 
32 
35 






$174,294 50 



Expenditures. 

Cash paid for fire losses, .... $55,080 08 
Deduct salvage and reinsurance, . . . 945 84 

Net cash paid for fire losses, 
Cash paid for marine and inland losses, 
dividends paid, .... 
paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$54,134 24 
27,516 06 
15,000 00 
24,034 76 
12,365 96 
4,179 28 
8,419 14 



Gross cash expenditures, 



$145,649 44 



1885.] 



INS. COS. OF OTHER STATES. 



261 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



$10,681,815 00 
12,030,361 00 



Premiums. 

$125,038 92 
131,215 25 



.$22,712,176 00 $256,254 17 
. 10,945,792 00 119,700 92 



.$11,766,384 00 $136,553 25 
124,704 00 1,559 21 



$11,641,680 00 $134,994 04 



$55,500 00 
2,786,675 00 

£2,842,175 00 
2,738,447 00 



$2,710 57 
50,707 86 

$53,418 43 
50,717 58 



$103,728 00 $2,700 85 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (7^ per cent.), . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



52,281,545 97 

1,331,267 15 

305,000 00 

15,000 00 

54,895 28 

23,775 64 

127,500 00 



MERCANTILE FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated Jan. 15, 1852. Commenced business Jan. 17, 1852.] 

Paid-up Capital, $200,000. 

William A. Anderson, President. C. W. Parmelee, Secretary. 

Summary of Assets Dec. 31, 1885. 

Loans on mortgage of real estate (first liens*), $22,000 00 

Interest due or accrued thereon, . . . 195 83 

United States bonds, 207,050 00 

Cash in the office of the company, . . 191 05 

deposited in bank, .... 1,757 86 



* Value of lands mortgaged, . 
Value of buildings thereon, . 

Amount of insurance held as collateral, 



$19,000 00 
30,500 00 
30,500 00 



262 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest due and accrued, .... 

Premiums in course of collection (gross), . 

Gross assets, 

Liabilities. 
Losses adjusted unpaid, 

claimed and reported, 
disputed or resisted, 
Unearned premiums'on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$1,270 00 
2,910 80 



$2,426 


00 


100 


00 


760 


00 


22,266 


19 




00 


287 


79 



$235,375 54 



Surplus over capital, 

Income. 

Cash received for fire premiums, 

Deduct reinsurance and return premiums, . 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 

Gross cash income, 



$47,819 40 
4,642 07 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . . . — 
Cash dividends paid, . . . . 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$21,554 62 
296 19 



Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



$5,653,112 00 
5,985,688 00 

$11,638,800 00 
5,980,726 00 

$5,658,074 00 
268,955 00 



26,330 53 

1,045 01 

200,0 00 

$9,045 01 



$43,177 33 
1,207 93 
7,316 20 

$51,701 46 



$21,258 43 

12.0)0 00 

6,220 47 

11,310 00 

1,042 88 

4,319 07 

$56,150 85 



Premiums. 

$44,820 21 
46,982 76 

$91,802 97 
45,336 70 

$46,466 27 
1,933 88 



Net amount in force, 



. $5,389,119 00 $44,532 39 



1885.] 



INS. COS. OF OTHER STATES. 



263 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



82,078,680 00 

1,017,018 00 

596,000 00 

12,000 00 

23,420 00 

54.0J0 00 



THE MERCHANTS 7 INSURANCE COMPANY, NEWARK, N. J. 

[Incorporated Feb. 18, 1858. Commenced business April 18, 1858.] 

Paid-up Capital, $400,000. 

Henry Powles, President. J. R. Mullikin, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds $134,000 00 $164,757 00 

New Jersey Central Railroad bonds, . . 25,000 00 26,250 00 

New Jersey State bonds, .... 1,000 00 1,170 00 

East Orange street bonds, .... 15,250 00 16,165 00 

Elizabeth city bonds, 11,200 00 8,000 00 

Newark Gas Light Company bonds, . . 10,000 00 14,000 00 

Citizens' Gas Light Company bonds, . . 13,700 00 16,851 00 

Newark and Bloomfield Railroad bonds, . 10,000 00 12,400 00 

Newark city bonds, 100,000 00 121,000 00 

N. Y. and Long Branch Railroad stock, . 10,000 00 10,000 00 

Long Branch school bonds, . . . . 15,000 00 17,850 00 

Orange and Newark Railroad bonds, . . 50,000 00 64,000 00 

Warren Railroad stock, .... 5,000 00 5,900 00 

Morris and Essex Railroad bonds, . . 13,000 00 18,720 00 

Elizabeth town water bonds, . . . 8,000 00 9,280 00 

Jersey City bonds, 3,000 00 3,060 00 

Essex County school bonds, ... 900 00 900 00 

Bellville and Newark Railroad bonds, . 1,000 00 1,340 00 

Newark and Irvington Railroad bonds, . 2,000 00 2,460 00 



$428,050 00 $514,103 00 



Securities held as collateral for cash loans : — 



10 shares N. B Building and Loan Assoc'n, 

71 " National State Bank, . 

20 " National City Bank, . 

10 " National City Bank, . 

10 " National Newark Banking Co., . 



Market value. 

$800 00 

4,260 00 

1,280 00 

640 00 

635 00 



} 



Loaned thereon. 

$ 500 00 
3,500 00 
1,000 00 

1,000 00 



264 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



40 shares Manufacturers' National Bank, 
Newark and New York Railroad bonds, 
112 shares Yonkers Gas Company, 
60 " National City Bank, . 



Market value. 

$3,oou 00 

50 00 

3,920 00 

3,484 00 



Loaned thereon. 



yijboo oo 

3,500 00 
1,000 00 



$22,909 00 $15,700 00 



Summary of Assets Dec. 31, 1885. 



Cash value of unencumbered real estate, . 
Loans on niorfge of real estate (first liens*), 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents due and accrued, 

Gross assets, 

Deduct special deposit in Georgia, 

Balance, 



$131,804 16 

4i4,8b: 

8,0:33 01 

514,103 00 

15,700 00 

4,302 07 
58,597 71 

6,598 89 
67,')65 73 

1,293 65 



- $1,225,985 22 
30,812 50 

. $1,195,17. 



LlABILITIES. 

Losses adjusted, unpaid, 

claimed and reported, 

disputed or resisted, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
State and local taxes, .... 
Commissions and brokerage, 
Return premiums, .... 

Gross liabilities, except capital, . 
Deduct liability on special deposit, 



Surplus as regards policy-holders, 
Paid-up capital, 



$35,677 2 
16,490 00 
21,780 45 

369,364 96 

4,903 0) 

1,224 83 

1,192 76 

11,114 14 

6,057 06 

$468,284 90 
15,722 19 



Surplus over capital, 



452,562 71 

$742,610 01 
',000 00 

$342,610 01 



* Value of lands mortgaged, .... $508,280 00 
Value of buildings thereon, .... 568,850 00 

Amount of insurance held as collateral, . . -472,575 00 



1885.] 



INS. COS. OF OTHER STATES. 



265 



Income. 

Cash received for fire premiums, . . $651,706 55 

Deduct reinsurance and return premiums, . 74,670 04 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, 

Expenditures. 

Cash paid for fire losses, .... $381,38479 
Deduct salvage and reinsurance, . . 3,895 04 

Net cash paid for fire losses, 
Cash dividends paid, . 

paid for redemption of scrip, 
Interest paid scrip-holders, . 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, . 

Gross cash expenditures, .... 
Risks and Premiums. 



$577,036 51 

26,086 99 

25,888 30 

4,309 92 

$633,321 72 



$377,489 75 

40,000 00 

294 00 

141 12 

105,279 22 

28,460 00 

17,660 51 

62,782 57 

. $632,107 17 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Tremiums. 

$65,994,389 00 $712,759 81 
60,485,886 00 653,679 56 



$126,180,275 00 $1,366,439 37 
59,376,607 00 636,116 32 



$67,103,668 00 $730,323 05 
1,084,581 00 12,105 15 



$66,019,087 00 $718,217 90 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$6,459,849 00 

3,148,668 00 

564,219 00 

40,000 00 

384,015 00 

73,825 00 



26G FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



MERCHANTS 1 INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated April, 1850. Commenced business April, 1350.] 

Paid-up Capital, §200,000. 

John II. Morris, President. Isaac S. Mettler, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, 1 150,000 00 $182.925 00 

New York city bonds, 35,000 00 36,050 00 

North River Bank stock, .... 9,000 00 10,350 00 

Merchants 1 Exchange Bank stock, . . 3,000 00 00 

Western Union Telegraph stock, . . 20,000 00 14,500 00 

New York Cent, and H. R. R. R. stock, . 10,000 00 10,550 00 

New Jersey Central Railroad stock, . . 10,000 00 4,350 00 

Rensselaer and Saratoga Railroad stock, . 1,000 00 1,600 00 



Securities held as collateral for cash loans : — 

8 shares Home Insurance Company, . 

N. Y., Lackawanna and YVesfn R.R. bonds, 



Summary of Assets Dec. 
Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 

deposited in bank, .... 

Interest due and accrued, .... 

Premiums in course of collection (gross), . 

Gross assets, ...... 

Liabilities. 

Losses claimed and reported, 

disputed or resisted, 
Unearned premiums on outstanding risks, . 



$238,000 00 


$263,325 00 


Market value. 


Loaned thereon. 


$1,040 00 


$700 00 


4,240 00 


,9 16 


$5,280 CO 


$3,549 16 


31, 1885. 




$15,500 00 




80,100 00 




1,095 83 




263,325 00 




3,549 16 




14 71 




65,751 68 




1,506 25 




24,908 92 






A-L.V^ 7.R1 RS 



§18,138 00 
3,200 00 

119,017 35 



* Value of lands mortgaged, . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$109,500 00 

113,500 00 

90,500 00 



1885.] 



INS. COS. OF OTHEK STATES. 



2G7 



State and local taxes, $1,763 10 

Commissions and brokerage, . . . 5,9G0 06 
Gross liabilities, except capital, . . 

Surplus as regards policy-holders, 
■Paid-up capital, 

Surplus over capital, 

Income. 

Cash received for fire premiums, . . $217,430 87 
Deduct reinsurance and return premiums, . 19,045 87 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



$148,078 51 

$307,673 04 
200,000 00 

$107,673 04 



Gross cash income, 



$198,385 00 
4,945 71 
8,357 21 
1,275 45 

$212,963 37 



Expenditures. 
Cash paid for fire losses, .... $62,493 04 
Deduct salvage and reinsurance, . . . 246 63 

Net cash paid for fire losses, . . . 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 



$62,246 41 
18,000 00 
47,304 80 
16,970 31 
6,769 33 
14,118 97 

$165,409 82 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



.$19,286,655 00 
. 26,424,271 00 



.$45,710,926 00 
. 20,051,7:52 00 

.$25,656,194 00 
56,200 00 



Premiums. 

$134,048 91 
233,711 50 

$367,760 41 
138,816 92 

$228,943 49 
390 02 



.$25,599,994 00 $228,553 47 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (9 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$4,628,433 80 

1,996,282 55 

1,110,000 00 

18,000 00 

72,459 41 

44,400 00 



268 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



MERCHANTS' INSURANCE COMPANY IN PROVIDENCE, 
PROVIDENCE, R. I. 

[Incorporated May 15, 1851. Commenced business July, 1851.] 

Paid-up Capital, $200,000. 

Wm. T. Barton, President. Wm. P. Goodwin, Secretary. 



Detailed Statement of Stocks, "Bonds, etc. 

Par value. 

1600 shares National Bank of Commerce, . $30,000 00 

1000 " American National Bank, . 50,000 00 

400 " Merchants' National Bank, . 20,000 00 

200 " Globe National Bank, . . 10,000 00 

467 * Providence Gas Company, . 23,350 00 

200 " Phenix National Bank, . . 10,000 00 

257 " Mechanics' National Bank, . 12,850 00 

102 " Manufacturers' National Bank, 10,200 00 

100 " Delaware and Hud. Canal Co., 9,862 00 



Market value. 

$88,000 00 
46.0 >0 00 
25,200 00 
14,000 00 
35,402 00 
18,000 00 
18,504 00 
14,943 00 
9,700 00 



$226,262 00 $269,839 00 



Securities held as collateral for cash loans : — 

55 shares Union Railroad (Providence), 
2 " Phenix Nat'l Bank (Providence), 
1 " Providence Gas Company, . 

New Haven and Derby Railroad bonds, 



Market value. 


Loaned thereon. 


$9,360 00 


$8,000 00 


180 00 \ 
76 00/ 


150 00 


3,750 00 


2,391 15 


$13,366 00 


$10,541 15 



Summary of Assets Dec. 31, 1885. 
Loans on mortgage of real estate (first liens*), $35,500 00 

Interest due or accrued thereon, . . . 223 33 

Stocks, bonds, etc., as per schedule, . . 269,839 00 

Loans on collateral security, as per schedule, 10,511 15 

Cash in the office of the company, . . 1,642 65 

deposited in bank, .... 74,145 22 

Interest due and accrued, .... 920 6Q 

Premiums in course of collection (gross), . 27,637 06 

Gross assets,! $420,449 07 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 



$5,289 13 
13,812 04 



* Value of lands mortgaged, $76,500 00 

Value of buildings thereon 56,500 00 

Amount of insurance held as collateral, . . 34,800 00 

f Including $25,000 Special Reserve Fund held under Rhode Island law. 



1885.] 



INS. COS. OF OTHER STATES. 



269 



Losses disputed or resisted, . . . $2,458 43 

Net amount of unpaid losses, . . . 121,140 94 

Due and accrued for rent, salaries, etc., . 707 01 

Commissions and brokerage, . . . 2,231 33 

Gross liabilities, except capital, . . $145,638 88 

Surplus as regards policy-holders, . . . $274,810 19 
Paid-up capital, 200,000 00 

Surplus over capital, $74,810 19 



Income. 

Cash received for fire premiums, 
Deduct reinsurance and return premiums, . 
Net cash received for fire premiums, . 
Cash received for marine and inTd prem's, 
Deduct reinsurance and return premiums, . 
Net cash received for marine and inl'd prem's, 
Interest received on mortgages, . 

and dividends received from all other sources, 
Income from profit and loss account, . 

Gross cash income, . 



$219,056 


26 




25,192 


71 


$193,863 55 


$2,765 


76 


91 


53 


2,674 23 






. 


. 


1,075 00 


sources, 


• 


16,676 81 
14 22 


• • 


$214,303 81 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 
Cash paid for marine and inland losses, 

dividends paid, 

paid for commissions and brokerage, 
for salaries and incidentals, 
for State and local taxes, . 

Gross cash expenditures, 



$127,814 57 
2,500 08 



$125,314 49 

3,019 6L 

12,000 00 

36,054 43 

27,422 26 

6,599 45 

$210,410 24 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

.f20,348,971 00 $248,916 40 
. 18,750,696 00 221,432 79 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



.$39,099,667 00 $470,349 19 
. 19,062,406 00 226,174 40 



.$20,037,261 00 $244,174 79 
162,846 00 1,932 42 



Net amount in force, 



. $19,874,415 00 $242,242 37 



270 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 



Total, 

Deduct risks expired and terminated, . 

In force at end of year, 



$17,759 00 
266,342 00 

$284,101 00 
275,370 00 



Premium*. 

5 04 

2, 8i J 2 'J 4 



$2,087 98 
2, 'J 08 23 



$8,731 00 



$19 75 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, 



"2,808 15 

3,599,248 94 

602,000 00 

12,000 00 

119,406 10 

2,519 61 

48,400 00 



MERIDEN FIRE INSURANCE COMPANY, MERIDEX, CONN. 

[Incorporated July, 1868. Commenced business February, 1872.J 

Paid-up Capital, §200,000. 

A. CriAMBERLAiN, President. E. B. Cowlfs, Secretary. 



Detailed Statement of Stocks, 



United States bonds, . 

Meriden city bonds, 

Cleveland city bonds, . 

Cincinnati city bonds, . 

Dayton city bonds, 

Harlem R. and Port C. Railroad bonds, 

Danbury and Norwalk Railroad bonds, 

Housatonic Railroad bonds, 

Dayton and Michigan Railroad bonds, 

206 shares First National Bank, Meriden, 

273 

99 

45 

50 

50 
2 

50 

15 

35 

55 
100 



Home National Bank, Meriden 
Meriden Nat'l Bank, Meriden, 
New Britain National Bank, 
Hartford Nat'l Bank, Hartford, 
Mercantile Nat'l Bank, Hartford 
Phoenix Nat'l Bank, Hartford, 
Southington National Bank, 
First Nat'l Bank, Wallingford, 
N. Y., N H. and H. Railroad, 
Chicago, Mil. and St. Paul R R., 
Danbury and Norwalk Railroad, 



Bonds, etc. 

Par value. 

£20,000 00 

5,000 00 

10,000 00 

10,000 00 

20,000 00 

17,000 00 

9,500 00 

10,000 00 

5,000 00 

20,600 00 

27,300 00 

9,900 00 

4,500 00 

5,000 00 

5,000 00 

200 00 

5,000 00 

1,500 00 

3,500 00 

5,500 00 

5,000 00 



Market value. 
$24,0^5 00 

5,550 00 
11,6«0 00 
12,0<i0 00 

00 
_- >0 00 
10,925 00 
10, U' 00 

5,250 00 
23,072 00 
34,125 00 
12,870 00 

6.975 00 
) 00 

5,<HX) 00 
300 00 

5,3*0 00 

1,6.00 00 

1 00 
6,813 13 
3,750 00 



1885.] 



INS. COS. OF OTHER STATES. 



271 



260 shares Meriden Gaslight Company, 
25 " Wells, Fargo & Co. Express, 
20 " Adams Express, 



Par value. 

$6,500 00 
2,500 00 
2,000 00 



Market value. 

$7,150 00 
3,000 00 
2,9U0 00 



$210,500 00 $253,955 13 

Summary of Assets Dec. 31, 1885. 

Loans on mortgage of real estate (first liens*), $24,000 00 

Interest due or accrued thereon, ... 60 00 

Stocks, bonds, etc., as per schedule, . . 253,955 13 

Cash in the office of the company, . . 3,920 54 

deposited in bank, .... 18,343 15 

Interest due and accrued, .... 1,092 50 

Premiums in course of collection (gross), . 10,151 31 

Taxes on non-resident stock, . . . 110 55 
Office furniture, .... $3,000 00 

Gross assets, $311,633 18 

Liabilities. 

Losses claim d and reported, . . . $2,936 40 

disputed or resisted, . . . . 1,100 00 

Total amount of losses, .... $4,036 40 

Less reinsurance, 380 13 

Net amount of unpaid losses, . . . $3,656 27 

Unearned premiums on outstanding risks, . 44,883 31 
Due and accrued for rent, salaries, etc., . 550 00 

Commissions and brokerage, . . . 880 84 

Gross liabilities, except capital, . . 49,970 42 

Surplus as regards policy-holders, . . . $261,662 76 
Paid-up capital, 200,000 00 

Surplus over capital, $61,662 76 

Income. 

Cash received for fire premiums, . . $95,188 20 
Deduct reinsurance and return premiums, . 23,142 69 

Net cash received for fire premiums, . . $72,045 51 

Interest received on mortgages, 1,252 50 

and dividends received from all other sources, . 13,121 21 

Income from commissions, 3,014 02 

Gross cash income, $89,433 24 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, . 



$27,500 00 
45,500 00 
29,800 00 



272 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$40,381 02 
3,809 28 



Gross cash expenditures, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$6,838,993 00 
7,369,350 00 



$36,571 74 

16,000 00 

12,550 44 

5,719 00 

1,867 11 

2,850 98 

$75,059 27 



Premiums. 

f76,o!5 79 
96,538 44 



$14,208,343 00 $172,854 23 
4,990,676 00 66,396 94 



$9,217,667 00 $106,457 29 
1,564,134 00 19,908 97 



$7,653,533 00 $86,548 32 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$1,929,391 00 

1,172,972 00 

200,000 00 

16,000 00 

30,650 00 

76,767 00 



MILWAUKEE MECHANICS 1 MUTUAL INSURANCE COMPANY, 

MILWAUKEE, WIS. 

[Incorporated Feb. 15, 1852. Commenced business April 1, 1S52.] 

Paid-up Capital, §200,000. 

Christian Preusser, President. Adolf J. Cramer, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 
Milwaukee County bonds, . 
Milwaukee city bonds, . 
Brown County (Wis.) bonds, 
Dodge County (Wis.) bonds, 



Par value. 

$209,000 00 

40,000 00 

76,000 00 

43,500 00 

8,000 00 



Market value. 

$224,000 00 

41,500 00 

76,000 00 

44,(00 00 

8,000 00 



1885.] 



INS. COS. OF OTHER STATES. 



273 



Door County (Wis.) bonds, 
Oshkosh (Wis.) city bonds, 
St. Paul (Minn.) city bonds, 
Cream City R. R. Co. (Mil.) stock, 



$6,000 00 

30,000 00 

100,000 00 

5,300 00 



$6,300 00 

35,000 00 

104,500 00 

5,300 00 



$517,800 00 $544,600 00 



Securities held as collateral for cash loans : — 



Ludington, Wells and Van Schaik Lum. Co., 
Cream City R. R. (Mil.) stock, . 
City property, mortgage and note, 



Market value. 

$200,000 00 
51,000 00 
10,000 00 



Loaned thereon. 

$50,000 00 

30,000 00 

4,000 00 



$261,000 00 $84,000 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $37,450 00 

Loans on mortgage of real estate (first liens*), 507,205 13 

Interest due or accrued thereon, . . . 7,790 00 

Stocks, bonds, etc., as per schedule, . . 544,600 00 

Loans on collateral security, as per schedule, 84,000 00 

Cash in the office of the company, . . 12,219 86 

deposited in bank, .... 80,185 78 

Interest due and accrued, .... 4,900 00 

Premiums in course of collection (net), . 35,667 79 

Gross assets,! $1,314,018 56 

Liabilities. 

Losses adjusted, unpaid, .... $5,498 00 

claimed and reported, . . . 9,875 00 

disputed or resisted, . . . 6,946 00 

Unearned premiums on outstanding risks, . 380,005 58 

Dividends to stockholders unpaid, . . 51 00 

Gross liabilities, except capital, . . 402,375 58 

Surplus as regards policy-holders, . . . $911,642 98 

Paid-up capital, 200,000 00 

Surplus over capital, $711,642 98 

Income. 

Cash received for fire premiums, . . $506,154 79 

Deduct reinsurance and return premiums, . 36,875 43 

Net cash received for fire premiums, . . $469,279 36 

Interest received on mortgages, 26,923 90 



* Value of lands mortgaged, $675,900 00 

Value of buildings thereon 510,000 00 

Amount of insurance held as collateral, . . 344,500 00 

f Including $200,000 Special Reserve Fund held under Wisconsin law. 



274 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest and dividends received from all other sources, 

Income from rents, 

all other sources, 



Gross cash income, 



Expenditures. 

Cash paid for fire losses, 

dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



Gross cash expenditures, 



$28,596 60 

1,549 96 

448 25 

$526,798 07 



$219,175 31 
19,962 00 
107,907 40 
33,626 01 
14,690 44 
29,573 18 

§424,934 34 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . . $42,618,760 00 $634,128 42 
written during 1885, . . . 37,178,333 00 513,419 52 



Total, $79,797,093 00 $1,147,547 94 

Deduct risks expired and terminated, . 29,670,438 00 408,332 82 



In force at end of year, 



.$50,126,655 00 $739,215 12 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$4,583,831 00 

2,140,837 59 

30,000 00 

20,000 00 

213,644 00 

103,970 00 



MONTAUK FIRE INSURANCE COMPANY, BROOKLYN, N. Y. 

[Incorporated May 19, 1857. Commenced business May 23, 1857.] 

Paid-up Capital, $200,000. 

Daniel F. Fernald, President. George F. Malby, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 
Nassau Gaslight Company certs., 
Broadway Railroad stock, .• 
Bushwick Railroad stock, . 
National City Bank stock, . 



Par value. 

$153,000 00 

5,000 00 

5,200 00 

2,000 00 

10,000 00 



Market value. 

$187,190 00 

5,050 00 

8,580 00 

3,300 00 

30,000 00 



1885.] 



INS. COS. OF OTHER STATES. 



275 



Long Island Bank stock, 
Nassau National Bank stock, 
Mechanics' Bank (Brooklyn) stock, . 
Bank of New York stock, 
First National Bank (Brooklyn) stock, 
Commercial Bank (Brooklyn) stock, . 
Long Island Loan and Trust stock, 
Union Ferry Company stock, 



Par value. 

$3,500 00 
5,100 00 
2,500 00 
3,3C0 00 
1,200 00 
600 00 
2,000 00 
1,300 00 



Market value. 

$4,200 00 
10,2C0 00 
5,250 00 
5,610 CO 
3,360 00 
780 00 
2,400 00 
2,041 00 



$191,700 00 $267,961 00 



Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

Commercial Bank (Brooklyn) stock, . . $1,170 00 §400 00 

Summary of Assets Dec. 31, 1885. 
Loans on mortgage of real estate (first liens*), $16,800 00 

Stocks, bonds, etc., as per schedule, . . 267,961 00 

Loans on collateral security, as per schedule, 400 00 

Cash in the office of the company, . . 19 63 

deposited in bank, .... 28,445 42 

Interest due and accrued, . . . . 12 00 

Premiums in course of collection (gross), . 14,340 22 
Premiums more than 3 mos. due, $400 00 

Gross assets, 



$327,978 27 



Liabilities. 

Losses adjusted, unpaid, .... $13,144 23 

claimed and reported, ... . 1,130 00 

disputed or resisted, . . . 2,750 00 

Unearned premiums on outstanding risks, . 72,299 06 

Due and accrued for rent, salaries, etc., . 875 00 

Gross liabilities, except capital, . . 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, 

Income. 

Cash received for fire premiums, . . $154,450 94 

Deduct reinsurance and return premiums, . 19,741 52 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Gross cash income, 



90,198 29 

237,779 98 

200,000 00 

$37,779 98 



$134,709 42 

979 00 

13,690 75 

$149,379 17 



* Value of lands mortgaged, $16,000 00 

Value of buildings thereon 21,500 00 

Amount of insurance held as collateral, . . 15,225 00 



276 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 

Cash paid for fire lossses, .... 

Deduct salvage and reinsurance, . 

Net cash paid for fire losses, — 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rents and incidentals, . 

Gross cash expenditures, .... 



$89,390 89 
1,304 03 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



516,393,286 00 
18,537,939 00 



$88,086 86 

20,000 00 

26,538 11 

13,474 89 

2,321 91 

11,651 83 

$162,073 60 



Premiums. 

1131,562 75 

155,613 48 



$34,931,225 00 $287,176 23 
17,265,622 00 142,358 72 



$17,665,603 00 $144,817 51 
307,001 00 1,995 28 



$17,358,602 00 $142,8-. 



MlSCELLANEOUS. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$2,295,492 00 

1,119,223 00 

563,500 00 

20,000 00 

88,203 91 

82,550 00 



NATIONAL FIRE INSURANCE COMPANY, HARTFORD, COXN. 

[Incorporated Nov. 27, 1871. Commenced business Dec. 1, 1871.] 

Paid-up Capital, §1,000,000. 

Mark Howard, President. James Nichols, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $100,000 00 



Hartford city bonds, . 
New Britain city bonds, 

Rochester city bonds, . 

Lockport city bonds, . 
Buffalo city bonds, 

Cleveland city bonds, . 
Detroit city bonds, 



35,000 00 
6,000 00 
25,000 00 
10,000 00 
15,000 00 
10,000 00 
13,000 00 



$118,250 00 
41,850 00 
7,200 00 
32,500 00 
12,200 00 
16,200 00 
11,600 00 
15,860 00 






1885.] INS. COS. OF OTHER STATES. 277 

Par value. Market value. 

Meriden town bonds, $10,000 00 $10,500 00 

Hartford school district bonds, . . . 25,000 00 29,500 00 

St. Johnsbury and Lake Cham. R. R. bonds, 20,000 00 21,200 00 

Danbury and Norwalk Railroad bonds, . 10,000 00 10,200 00 

Harlem River and Pt. Chester R. R. bonds, 25,000 00 31,250 00 

Erie Railway bonds, 20,000 00 24,800 00 

Jackson, Lansing and Saginaw R. R. bonds, 20,000 00 21,000 00 

Cleve., Col., Cin. and Ind. R.R. bonds, . 20,000 00 24,000 00 

Chicago and Western Ind. Railroad bonds, 20,000 00 20,000 00 

Chicago and Northwestern Railroad bonds, 20,000 00 23,000 00 

Chicago, Mil. and St. Paul Railroad bonds, 10,000 00 11,200 00 

Chicago, Burl, and Quincy Railroad bonds, 10,000 00 10,400 00 

Hannibal and St. Joseph Railroad bonds, . 20,000 00 23,400 00 

400 shares N. Y., New Haven and H. R.R., 40,000 00 80,000 00 

200 " New York and Harlem R.R., . 10,000 00 21,000 00 

500 " N. Y. Cent, and Hud. Riv. R.R., 50,000 00 52,000 00 

583 " Pennsylvania Railroad, . . 29,150 00 30,899 00 

200 " Pitts., Ft. Wayne and Chic. R.R., 20,000 00 28,000 00 

200 " Cleveland and Pittsfield R.R., . 10,000 00 14,500 00 

117 " Illinois Central Railroad, . . 11,700 00 15,330 00 

110 " Chicago, Burl, and Quincy R.R., 11,000 00 14,960 00 

300 " Chicago, R. I. and Pacific R.R., . 30,000 00 38,400 00 

100 " Metropolitan Nat'l Bank, N. Y., 10,000 00 1,500 00 

50 " Central National Bank, N. Y., . 5,000 00 5,600 00 

150 " Farm, and Mech. Nat'l B'k H'rtf d, 15,000 00 15,450 00 

100 " Charter Oak Nat'l B'k, Hartford, 10,000 00 14,000 00 

300 " Hartford Nat'l Bank, Hartford, . 30,000 00 49,500 00 

300 " Phoenix Nat'l Bank, Hartford, . 30,000 00 41,400 00 

215 " ^tna National Bank, Hartford, . 21,500 00 24,725 00 

50 " City National Bank, Hartford, . 5,000 00 3,100 00 

50 " Mercantile Nat'l B'k, Hartford, . 5,000 00 5,000 00 

247 " Nat'l Exchange Bank, Hartford, 12,350 00 17,784 00 

50 " Second Nat'l Bank, New Haven, 5,000 00 7,750 00 

100 " Thames Nat'l Bank, Norwich, . 10,000 00 14,000 00 

75 " Nat'l B'k of the Republic, Boston, 7,500 00 10,125 00 

70 " Boston National Bank, Boston, . 7,000 00 8,400 00 

70 " St. Paul National Bank, St. Paul, 7,000 00 7,000 00 

25 " Merchants' Bank, St. Louis, . 250 00 175 00 

320 " Willimantic Linen Company, . 8,000 00 13,120 00 



$844,450 00 $1,049,828 00 
Securities held as collateral for cash loans : — 



5 shares N. Y., N. Haven and Hart. R.R. 

5 " Hartford Gas Company, 
15 " Adams Express Company, 

6 " Hartford and W. H. Railroad, 
206 " Travelers' Insurance Company 



Market value. Loaned thereon. 

|i,ooo <xn uoooo 

175 00/ 

2,175 00 *\ j goo 0Q 

660 00/ 

51,500 00 10,450 00 



$55,510 00 $12,650 00 



273 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $24,478 40 

Loans on mortgage of real estate (first liens*), 482,250 00 

Interest due or accrued thereon, . . . 10,038 28 

Stocks, bonds, etc., as per schedule, . . 1,049,828 00 

Loans on collateral security, as per schedule, 12,650 00 

Cash in the office of the company, . . 473 68 

deposited in bank, .... 215,238 74 

Interest due and accrued, .... 7,770 87 

Premiums in course of collection (net), . 51,000 00 

Gross assets, 



$1,853,727 97 



Liabilities. 

Losses adjusted, unpaid, .... $26,588 49 

claimed and reported, . . . 26,752 56 

disputed or resisted, . . . 7,385 80 

Unearned premiums on outstanding risks, . 319,377 27 

Gross liabilities, except capital, . . 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, 



380,104 12 

$1,473,623 85 
1,000,000 00 

$473,623 85 



Income. 

Cash received for fire premiums, . . $">41,S7 74 

Deduct reinsurance and return premiums, . ,117 54 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, 



$490,453 20 

34,421 79 

56,999 21 

3,239 94 

$585,114 14 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . . . — 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 



$273,050 12 
1,529 07 



$271,521 05 

100,000 00 

75,158 36 

33,753 92 

13,647 43 

32,973 79 

8527,054 55 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$S13,690 00 
704,750 00 
429,110 00 



1885.] 



INS. COS. OF OTHER STATES. 



279 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . . $47,426,668 00 $572,037 90 



written during 1885, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



43,738,826 00 544,870 74 



£91,165,494 00 $1,116,908 64 
39,903,714 00 482,684 67 



$51,261,780 00 $634,223 97 
386,690 00 5,568 06 



$50,875,090 00 $628,655 91 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



^5,311,736 00 

2,547,876 00 

1,077,000 00 

100,000 00 

281,581 00 

117,900 00 



NATIONAL FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated 1838. Commenced business April 9, 1838.] 

Paid-up Capital, $200,000. 

Henry T. Drowne, President. F. J. Walton, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 



United States bonds, 

130 shares National Bank of Commerce, . 
100 " American Exchange Nat'l Bank, 
150 " Bank of Manhattan Company, . 



Summary of Assets Dec. 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 

deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, .... 



Par value. 


Market value. 


$205,000 00 


$249,375 00 


13,000 00 


20,540 00 


10,000 00 


12,800 00 


7,500 00 


11,025 00 


$235,500 00 


§293,740 00 


31, 1885. 




$48,438 98 




596 05 




293,740 00 




834 51 




27,445 59 




520 00 




26,985 14 






$398,560 27 




. $117,200 0( 


) 


65,800 0( 


> 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



280 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Liabilities. 

Losses adjusted, unpaid, .... $15,062 44 

claimed and reported, . . . 5,550 00 

disputed or resisted, .... 4,870 65 

Unearned premiums on outstanding risks, . 102,845 37 

Commissions and brokerage, . . . 5,397 02 

All other claims, 2,020 38 

Gross liabilities, except capital, . . $135,745 86 

Surplus as regards policy-holders, . . . $262,814 41 
Paid-up capital, ',000 00 

Surplus over capital, $62,814 41 



Income. 

Cash received for fire premiums, . . . $239,050 79 
Deduct reinsurance and return premiums, . 40,246 09 

Net cash received for fire premiums, . . $198,804 70 

Interest received on mortgages, 3,178 65 

and dividends received from all other sources, . 10,352 50 



Gross cash income, 



. $212,335 85 



1,138 60 



Expenditures. 

Cash paid for fire losses, .... $105,706 93 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . . — 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 



$104,568 33 
16,000 00 
45,198 23 
18,595 16 
3,460 28 
14,069 16 

$201,891 16 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

.527,389,622 00 $203,239 03 
. 28,965,135 00 235,895 23 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



. $56,354,757 00 $439,134 26 
. 29,130,709 00 231,605 22 



. $27,224,048 00 $207,529 04 
290,626 00 1,833 29 



Net amount in force, . 



. $26,933,422 00 $205,690 75 



1885.] 



INS. COS. OF OTHER STATES. 



281 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$4,203,162 23 

2,190,475 96 

1,024,056 00 

16,000 00 

112,067 35 

48,825 00 



NEWARK FIRE INSURANCE COMPANY, NEWARK, N. J. 

[Incorporated May 14, 1810. Commenced business May 14, 1810.] 

Paid-up Capital, $250,000. 

Charles S. Haines, President. John J. Henry, Secretary. 



Detailed Statement of Stocks, Bonds, etc 

Par value. 

United States bonds, $191,000 00 

Morris and Essex Railroad stock, . . 20,000 00 

Newark City National Bank stock, . . 13,250 00 

National State Bank of Newark stock, . 11,400 00 

National Newark Banking Company stock, 7,700 00 

East Orange Improvement bonds, . . 6,925 95 

Orange and Newark H. Railroad bonds, . 20,000 00 



Market value. 

204,360 00 
26,000 00 
16,562 50 
13,680 00 
10,010 00 
7,341 50 
21,600 00 



$270,275 95 $299,554 00 



Securities held as collateral for cash loans : - 
Merchants' Insurance Company stock, 



Market value. Loaned thereon. 

$1,400 00 $1,000 00 



Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $53,800 00 
Loans on mortgage of real estate (first liens*), 280,197 58 

5,037 24 

299,554 00 

1,000 00 

2,430 44 

23,187 51 

1,709 03 

13,090 23 

868 74 

179 00 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for fire risks, 
Rents due and accrued, 

Gross assets, 



$681,053 77 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$418,930 00 
405,520 00 
378,200 00 



282 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 

disputed or resisted, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, 
Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$2,950 87 
3,035 67 
4,971 48 

104,687 26 
7,739 66 
2,618 05 



Surplus over capital, 



- $126,002 99 

. $555,050 78 

250,000 00 

. $305,050 78 



Income. 
Cash received for fire premiums, . . $177,024 75 
Deduct reinsurance and return premiums, . 19,607 92 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, 



$157,416 83 

17,240 95 

11,066 10 

1,036 35 

$186,760 23 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, . 
Net cash paid for fire losses, - 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, . 



$111,561 48 
4,435 60 



$107,125 88 

24,930 85 

32,091 

12,009 46 

7,034 32 

5,965 61 

$189,157 84 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

. $24,892,093 00 $216,637 15 
. 17,966,560 00 175,019 81 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



.$42,858,653 00 $391,656 96 
. 18,815,364 00 182,607 43 



. $24,043,289 00 $209,049 53 
577,120 00 4,904 75 



Net amount in force, . 



. $23,466,169 00 $204,144 78 



1885.] 



INS. COS. OF OTHER STATES. 



283 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$2,921,234 17 

1,197,807 39 

503,051 00 

25,000 00 

100,897 56 

26,405 00 



NEW HAMPSHIRE INSURANCE COMPANY, MANCHESTER, 

N. H. 

[Incorporated 1869. Commenced business April, 1870.] 
Paid-up Capital, $500,000. 
James A. Weston, President. John C. French, Secretary 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $215,000 00 $261,920 00 

Manchester (N. H.) bonds, .... 47,200 00 55,000 00 

St. Louis bonds, 12,000 00 12,000 00 

Chicago bonds, 10,000 00 12,000 00 

Zanesville bonds, 10,000 00 10,800 00 

Marietta (O.) bonds, 10,000 00 11,500 00 

Concord (N. H.) bonds, .... 1,000 00 1,200 00 

Brainerd Water Company bonds, . ' . 5,000 00 5,500 00 

Michigan Air Line Railroad bonds, . . 10,000 00 11,000 00 

Maine Central Railroad bonds, . . . 10,000 00 12,000 00 

Burl, and Mo. R. (in Iowa) R. R. bonds, '. 10,000 00 11,500 00 

Chicago, Burl, and Quincy Railroad bonds, 25,000 00 29,650 00 

Jackson, Lansing and Saginaw R R. bonds, 10,000 00 11,000 00 

New York and New England R. R. bonds, 20,000 00 23,700 00 

Union Pacific Railroad bonds, . . . 35,000 00 39,000 00 

Oregon Short Line Railroad bonds, . . 10,000 00 9,600 00 

Boston, Concord and Montreal R. R. bonds, 62,000 00 66,340 00 

New Hampshire bonds 10,000 00 13,000 00 

Hillsborough County (N. H.) bonds, . . 5,000 00 5,500 00 

Chicago and W. Michigan Railroad bonds, 25,000 00 , 24,000 00 

Topeka (K>.) water bonds, . . . 20,000 00 20,000 00 

Minneapolis Gaslight Company bonds, . 20,000 00 21,000 00 

Chicago, Burl, and Northern Railroad b'ds, 2,000 00 2,000 00 

Suncook Valley Railroad stock, . . . 4,000 00 4,600 00 

Merchants' Nat'l Bank (Manchester) stock, 10,000 00 12,500 00 

N. Y. Central and H R. Railroad stock, . 10,000 00 10,400 00 

Norwich and Worcester Railroad stock, . 3,100 00 5,270 00 

Pemigewasset Valley Railroad stock, . . 26,000 00 26,000 00 

Chicago, Burl, and Quincy Railroad stock, 44,000 00 59,840 00 

Chicago, Burl, and Northern Railroad stock, 1,200 00 1,320 00 



$682,500 00 $789,140 00 



284 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans : — 



Market value. 



50 shares Chicago, Burl, and Quincy R. R., $6,800 00 

15 " Nashua Card and G. P. Company, 2,100 00 

8 " Manchester and Lawrence R. R., 1,800 00 

2 " Moline Plow Company, . . 3,000 00 

25 " Nashua Card and G. P. Company, 3,500 00 

People's Savings Bank Book, . . . 2,528 27 

300 shares Boston Water Power Company, 1,350 00 

5 " Manchester Mills, ... 665 00 

100 " Manchester and Lawrence R. R., 20,000 00 

120 " Chicago, Burl, and Quincy R R., 16,320 00 

36 " Pullman Palace Car Company, . 4,716 00 

24 " N. Y. Cent, and H. River R. R., 2,496 00 

4 " Chicago, Burl, and Quincy R.R., 546 00 

225 " Boston, Concord and M. R. R., . 21,825 00 

1 " Amoskeag Manuf. Company, . 2,000 00 

Guaranty Fund, Guaranty Savings Bank, . 1,200 00 

Guaranty Fund, Guaranty Savings Bank, . 1,400 00 

50 shares N. Y. Central and H. R. R. R., . 5,200 00 

50 " Lake Shore and Mich. So. R. R., 4,300 00 J 



} 



Loaned thereon. 

$6,500 00 

2,900 00 
2,550 00 

3,000 00 

10,000 00 

10,000 00 

3,100 00 

2,050 00 

12,000 00 
1,562 50 

1,000 00 

7,200 00 



$101,546 27 $61,862 50 



Summary of Assets Dec. 31, 1885. 

Loans on mort'ge of real estate (first liens *), $130,296 86 

Stocks, bonds, etc., as per schedule, . . 789,140 00 

Loans on collateral security, as per schedule, 6 1 ,862 50 

Cash in the office of the company, . . 14,133 19 

deposited in bank, .... 51,009 20 

Interest due and accrued, .... 6,869 84 

Premiums in course of collection (gross), . 48,139 44 

Gross assets, $1,101,45103 



Liabilities. 
Losses adjusted, unpaid, 

claimed and reported, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, 

Gross liabilities except capital, 

Surplus as regards policy-holders, 
Paid-up capital, 



$25,166 66 

21,240 00 

325,433 15 

9,627 88 



3S1,467 69 

»719,983 34 
500,000 00 



Surplus over capital, $219,983 34 



* Total value of property mortgaged, 
Amount of insurance held as collateral, . 



$363,550 00 
87,750 00 



1885.] 



INS. COS. OF OTHER STATES. 



285 



Income. 

Cash received for fire premiums, . . $647,372 60 
Deduct reinsurance and return premiums, . 96,218 84 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, 

Gross cash income, ....... 



$551,153 76 
48,557 32 



$599,711 08 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . . . - 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 



$313,276 42 
8,015 06 



$305,261 36 

40,000 00 

110,531 85 

27,523 18 

16,114 95 

33,585 47 

$533,016 81 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

.$41,024,391 00 |483,845 45 
. 56,713,268 00 673,263 64 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



.$97,737,659 00 $1,157,109 09 
. 43,934,576 00 547,431 33 



. $53,803,083 00 $609,677 76 
1,129,315 00 12,848 23 



. $52,673,768 00 $596,829 53 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$3,749,056 34 

1,991,374 69 

324,000 00 

40,000 00 

293,144 87 

154,300 00 



286 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



NEW YORK BOWERY FIRE INSURANCE COMPANY, 
NEW YORK, N. Y. 

[Incorporated April, 1833. Commenced business September, 1833.] 

Paid-up Capital, §300,000. 

John A. Delanoy, Jr., President. Chas. A. Blauvelt, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Canada Southern Railroad bonds, 
Chicago and Northwestern Railroad bonds 
Long Island Railroad bonds, 
Northern Pacific Railroad bonds, * . 
Michigan Central Railroad bonds, 
Broadway and Seventh Avenue R.R. bonds 
100 shares Delaware and Hudson Canal, 
100 " N. Y., Lack, and Western R.R., 
200 " N. Y. Central and H. River R.R. 
200 " Chic, and Rock Island Railroad 



Par value. 

8415,000 00 
20,000 00 
10,000 00 
20,000 00 
10,000 00 
20,000 00 
26,000 00 
10,000 00 
10,000 00 
20,000 00 
20,000 00 



Market value. 

8015,637 50 
21,300 00 
10,900 00 
21,600 00 
11,400 00 
21,600 00 
28,310 00 
9,700 00 
10,000 00 
21,100 00 
26,200 00 



$581,000 00 $697,777 50 



Securities held as collateral for cash loans : — 



10 shares Importers 1 and Traders 1 Nat'l B'k 
20 " Chatham National Bank, . 
Chesapeake and Ohio Railroad bonds, 
Union Pacific Railroad bonds, 
Chesapeake and Ohio Railroad bonds, 
Eliz., Lex. and Big Sandy Railroad bonds, 
Rensselaer and Saratoga Railroad bonds, 
116 shares Michigan Central Railroad, 
50 " Oriental Bank, . 
Wabash and Pacific Railroad bonds, . 
10 shares Western Uniou Telegraph Co., 



Market value. Loaned thereon. 

$2,650 00^ 
750 00 / 
1,010 00 
1,160 00 
1,040 00 
1,000 00 
1,400 00 



} 



$2,300 00 

700 00 

1,000 00 

1,600 00 



8,700 00 

1,875 00 

250 00 

700 00 



1,000 00 

4,500 00 

1,250 00 

111 25 

425 00 



$20,565 00 $12,886 2i 



Summary of Assets Dec. 31, 1885. 

Loans on mortgage of real estate (first liens*), $43,200 00 

Interest due or accrued thereon, . . 489 00 

Stocks, bonds, etc., as per schedule, . . 697,777 50 

Loans on collateral security, as per schedule, 12,886 25 

Cash in the office of the company, . . 2,012 38 



* Value of lands mortgaged, 
Value of buildings thereon, 



$101,500 00 
56,500 00 



1885.] 



INS. COS. OF OTHER STATES. 



287 



Cash deposited in bank, .... $34,425 33 

Interest due and accrued, .... 351 17 

Premiums in course of collection (gross), . 38,621 73 
Prems. more than 3 mos. due, . $2,915 00 

Gross assets, 



529,763 36 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, . 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
State and local taxes, .... 
Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$8,416 08 
38,315 18 
12,250 00 

$58,981 26 
3,591 10 

$55,390 16 
226,773 92 

1,330 00 
900 00 

6,165 42 



Surplus over capital, 



290,559 50 

$539,203 86 
300,000 00 

$239,203 86 



Income. 

Cash received for fire premiums, . . $501,771 58 
Deduct reinsurance and return premiums, . 105,960 12 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, 

Gross cash income, 






Expenditures. 

Cash paid for fire losses, .... $300,143 71 
Deduct salvage and reinsurance, . . 17,922 71 

Net cash paid for fire losses, . . . 

Cash dividends paid, 

paid for commissions and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, . 

for rents and incidentals, 



$395,811 46 
34,015 22 

$429,826 68 



$282,221 00 
36,000 00 
91,016 61 
37,325 00 
11,069 20 
17,748 03 



Gross cash expenditures, 



$475,379 84 



288 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



156,424,380 00 

55,335,795 00 

$111,760,175 00 

46,202,152 00 

$65,558,023 00 

8,826,273 00 



Premiums. 

$501,442 69 
492,651 09 

$994,093 78 
446,620 93 

$547,472 85 
110,824 59 






$56,731,750 00 $436,648 26 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$6,580,092 00 

2,996,186 00 

2,744,500 00 

36,000 00 

271,173 00 

62,575 00 



NEW YORK FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated April 18, 1832. Commenced business December 22, 1832.] 

Paid-up Capital. §200,000. 

Daniel Underhill, President. Augustus Colson, Secretary. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, .... 
Long Island City bonds, 
N. Y., West Shore and Buffalo R. R. bonds 
New York, Lack, and Western R. R. stock 
113 shares People's Bank of New York, 
92 " Tradesmen's Bank of New York 
47 M Mechanics' Bank of New York 



Oxford Iron Company stock, 
Knickerbocker Fire Insurance Co. stock, 



Par value. 

$125,000 00 

10,500 00 

10,000 00 

10,000 00 

2,825 00 

3,680 00 

1,175 00 



Market value. 

? 149,237 50 
10,500 00 
5,200 00 
10,200 00 
4,237 50 
3,680 00 
1,821 25 



$163,180 00 $184,876 25 



Securities held as collateral for cash loans : — 



Market value. Loaned thereon _ 

$750 00 ?750 00 
270 00 200 00 



$1,020 00 



$950 00 



1885.] 



INS. COS. OF OTHER STATES. 



289 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $91,400 00 

Loans on mortgage of real estate (first liens*) , 58,550 00 

Interest due or accrued thereon, . . . 1,933 76 

Stocks, bonds, etc., as per schedule, . . 184,876 25 

Loans on collateral security, as per schedule, 950 00 

Cash in the office of the company, . . 6,852 62 

deposited in bank, .... 7,703 41 

Interest due and accrued, .... 1,473 00 

Premiums in course of collection (net), . 12,790 81 

Rent due and accrued, 1,100 00 

Liabilities. 

Losses adjusted, unpaid, .... $1,739 48 

claimed and reported, . . . 9,103 52 

disputed or resisted, .... 8,627 00 

Unearned premiums on outstanding risks, . 87,705 34 

Due and accrued for rent, salaries, etc., . 300 00 

Gross liabilities, except capital, . . 

Surplus as regards policy holders, 
Paid-up capital, 



$367,629 85 



107,475 34 



,154 51 
200,000 CO 



Surplus over capital, 

Income. 

Cash received for fire premiums, . . $190,759 44 
Deduct reinsurance and return premiums, . 13,503 21 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, 
Income from rents, 



,154 51 



Gross cash income, .... 

Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for commissions and brokerage, 



$162,090 29 
1,135 12 



for salaries of officers and employees, 

for state and local taxes, . 

for incidentals, 

Gross cash expenditures, ...» 



$177,256 23 
3,830 60 
7,379 80 
4,414 21 

$192,880 84 



$160,955 17 

28,002 14 

17,935 65 

3,450 34 

4,457 95 

$214,801 25 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$42,500 00 
90,000 00 
70,400 00 



290 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$25,827,426 00 

26,494,830 00 

$52,322,256 00 

28,166,304 00 



$24,155,952 00 
111,900 00 



Premiums. 

$227,114 89 
195,880 23 

$422,995 12 
248,962 00 

$174,033 12 
450 00 



$24,014,052 00 $173,583 12 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$4,281,843 00 

1,712,073 00 

1,370,000 00 

146,500 00 

27,900 00 



NIAGARA FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated July, 1850. Commenced business August, 1850.J 

Paid-up Capital, $500,000. 

Peter Notman, President. West Pollock, Secretary. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, registered, . . . $733,000 00 $891,690 00 

Jersey City bonds, 30,000 00 33,120 00 

N Y., Chicago and St. Louis R. R. bonds, . 50,000 00 49,000 00 

Albany and Susquehanna R. R. bonds, . 50,000 00 64,500 00 

Lake Erie and Western R. R. bonds, . . 15,000 00 13,350 00 

Lafayette, Bloom, and Muncie R. R. bonds, 35,000 00 31,325 00 

Chicago, Mil. and St Paul R. R. bonds, . 50,000 00 58,375 00 

St. Louis and Iron Mt. R. R. bonds, . . 50,000 00 56,000 00 

St. Paul and Northern Pacific R.R. bonds, . 25,000 00 26,750 00 

Fremont, Elk. and Mo. Valley R. R. bonds, 50,000 00 58,000 00 

N. Y., West Shore and Buffalo R. R. bonds, 25,000 00 25,875 00 

Toledo and Ohio Central R. R. bonds, . 2,000 00 1,880 00 

Toledo & Ohio Cent. R. R. stock, 62£ shares, 6,250 00 2,343 00 

Long Island Railway stock, 400 shares, . 20,000 00 16,000 00 

Delaware and Hudson Canal bonds, . . 20,000 00 23,400 00 

Chateaugay Iron and Ore Co.'s bonds, . 25,000 00 25,000 00 

Dundee W. Power and Land Co.'s bonds, . 20,000 00 21,000 00 

Del. and Hud. Canal stock, 233 shares, . 23,300 0) 22,484 0) 

American Exchange Nat. Bank, 351 shares, 35,100 00 44 ? 92 v 

Consolidated Gas Co.'s stock, 500 shares, . 50,000 00 50,000 00 

St. Paul Gas Light Co.'s bonds, . . . 15,000 00 16,200 00 



§1,329,650 00 $1,531,220 00 



1885.] 



INS. COS. OF OTHER STATES. 



291 



Securities held as collateral for cash loans : — 

256 shares Taylor Iron Co., 

360 " Lackawanna I and C. Co., 



Market value. Loaned thereon. 
£25,600 00 
36,000 00 $30,000 00 



861,600 00 $30,000 00 



Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $107,000 00 
Loans on mortgage of real estate (first liens*), 38,800 00 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (net), 
Rents due and accrued, 

Reinsurance due, 

Gross assets,! .... 
Deduct special deposits in other States, 



Balance, 



1,161 00 

1,531,220 00 

30,000 00 

7,148 56 

117,675 83 

16,283 91 

229,450 37 

1,970 00 

237 47 



$2,080,950 14 
74,850 00 

$2,006,100 14 



Liabilities. 

Lossqs adjusted, unpaid, 

disputed or resisted, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, 
Contingent reserve, .... 

Gross liabilities, except capital, . 
Deduct liabilities on special deposits, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$156,723 57 

13,446 18 

1,007,371 63 

695 50 

5,000 00 

$1,183,236 88 
22,487 82 



1,160,749 06 



Surplus over capital, 

Income. 

Cash received for fire premiums, . . $1,909,084 40 
Deduct re-insurance and return premiums, . 444,980 61 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, . 
Income from rents, 

Gross cash income, 



$845,351 08 
500,000 00 



$345,351 08 



$1,464,103 79 

5,937 00 

60,260 16 

864 29 

$1,531,165 24 



* Value of lands mortgaged $38,250 00 

Value of buildings thereon, 45,250 00 

Amount of insurance held as collateral, . . 45,250 00 
t Including $250,000 Special Reserve Fund held under New York law. 



292 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash dividends paid, 

paid for commissions and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$907,621 95 
94,219 10 



Gross cash expenditures, . . . . 
Risks and Premiums. 



§813,402 85 

49,807 00 

235,548 44 

108,768 00 

31,019 47 

128,492 72 

. $1,367,038 48 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Premiums. 

$157,820,280 00 $1,594,894 07 
199,696,058 00 1,918,482 29 



$357,516,338 00 $3,513,376 36 
123,262,874 00 1,406,581 42 



$234,253,464 00 $2,106,794 94 
36,870,363 00 207,860 83 



$197,383,101 00 $1,898,934 11 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$19,082,213 85 

10,128,147 01 

1,884,000 00 

50,000 00 

790,014 18 

207,300 00 



NORTHWESTERN NATIONAL INSURANXE COMPANY, 
MILWAUKEE, WIS. 

[Incorporated Feb. 20, 1869. Commenced business July 1, 1869] 

Paid-up Capital, §600,000. 

Alexander Mitchell, President. John P. McGregor, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, 

Chicago, Mil. and St. Paul Railroad bonds, 

Milwaukee city bonds, 

Milwaukee county bonds, .... 



Par value. 

$420,000 00 

165,000 00 

78,000 00 

16,200 00 



Market value. 

§514,550 00 

213,450 00 

80,330 00 

18,306 00 



$679,200 00 $826,636 00 



1885.] INS. COS. OF OTHER STATES. 293 

Summary of Assets Dec. 31, 1885. 

Loans on mortgage of real estate (first liens*) $217,500 00 

Interest due or accrued thereon, . . . 2,110 40 

Stocks, bonds, etc., as per schedule, . . 826,636 00 

Cash in the office of the company, . . 5,318 75 

deposited in bank, .... 174,432 74 

Interest due and accrued, .... 1,034 60 

Premiums in course of collection (gross), . 41,275 66 

Boards of Trade certificates, . . . 2,200 00 

Salvages 1,500 00 

Gross assets, $1,272,008 15 

Liabilities. 

Losses adjusted, unpaid, .... $10,912 12 

claimed and reported, . . . 19,225 50 

disputed or resisted, . . . 3,000 00 

Unearned premiums on outstanding risks, . 384,063 28 

Commissions and brokerage, . . . 8,255 13 

Due for reinsurance, etc., .... 4,328 78 

Gross liabilities, except capital, . . 429,784 81 

Surplus as regards policy-holders, . . . $842,223 34 
Paid-up capital, 600,000 00 

Surplus over capital, $242,223 34 

Income. 

Cash received for fire premiums, . . $533,937 51 
Deduct reinsurance and return premiums, . 58,405 13 

Net cash received for fire premiums, . . $475,532 38 

Cash received for marine and inPd prem's, $14,199 06 
Deduct reinsurance and return premiums, . 3,978 44 

Net cash rec'd for marine and inl'd prem's, 10,220 62 

Interest received on mortgages, 13,718 94 

and dividends received from all other sources, . 37,679 86 






Gross cash income, $537,151 80 

Expenditures. 



Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 



$251,389 29 
1,346 45 



$250,042 84 



$10,335 25 
384 13 

Net cash paid for marine and inland losses, 9,951 12 

Cash dividends paid, 60,000 00 

* Value of lands mortgaged, .... $321,500 00 

Value of buildings thereon 401,000 00 

Amount of insurance held as collateral, . . 206,800 00 



294 FIRE, MARINE, AND FIRE-MARINE [Dec. 31 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



Gross cash expenditures, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 



$52,604,732 00 
46,559,117 00 



$99,223,849 GO 
40,531,683 00 



158,692,166 00 
501,860 00 



$79,081 45 
46,680 

12,408 88 

41,370 97 

$499,541 81 



Premium!. 

$648,663 06 
533,937 51 

£1,182,600 57 
461,085 85 

$721,514 72 
6,208 74 



$58,190,306 00 $715,305 98 



$75,000 00 
1,866,594 00 

$1,941,594 00 
1,901,594 00 

|40,000 00 



Miscellaneous. 
Premiums received from organization of company. . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



$500 00 
10,220 62 

$10,720 62 
10,470 62 

$250 00 



$6,188,685 00 

3,372,930 00 

627,000 00 

60,000 00 

232,521 00 

9,301 00 

302,500 00 



ORIENT INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated June, 1S67. Commenced business January, 137:2.] 

Paid-up Capital, $1,000,000. 

John W. Brooks, President. George W. Lester, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par ralue. Market ralue. 

504 shares American Nat'l B'k, Hartford, $25,200 00 $36,540 00 
122 " iEtna NatU Bank, Hartford, . 12,200 00 14,030 00 

130 " Charter Oak Nat'l B'k, Hartf 'd, 13,000 00 18,200 00 






1885.] 



INS. COS. OF OTHER STATES. 



295 



Par value. Market value. 

150 shares Far's' & Mech. Nat'l B'k, H'rtf'd, $15,000 00 $15,450 00 

152 " Mercantile Nat'l Bank, Hartf'd, 15,200 00 14,896 00 

62 " Phoenix Nat'l Bank, Hartford, . 6,200 00 8,680 00 

186 " Exchange Nat'l B'k, Hartford, . 9,300 00 13,485 00 

132 " City Nat'l Bank, Hartford, . 13,200 00 8,580 00 

71 " First Nat'l Bank, Hartford, . 7,100 00 7,242 00 

100 " Conn Trust & S. D. Co., H'tf'd, 10,000 00 13,500 00 

1000 " Hartford Nat'l Bank, Hartf'd, . 100,000 00 165,000 00 

200 " Thames Nat'l Bank, Norwich, . 20,000 00 28,600 00 

100 " First National Bank, Norwich, 10,000 00 11,800 00 

6 " Rockville Nat'l B'k, Rockville, . 600 00 780 00 

75 '« Metropolitan Nat'l B'k, N. Y., . 7,500 00 2,250 00 

302 " Mechanics' Nat'l Bank, N.Y., . 7,550 00 11,325 00 

300 " N. Y., N. H and H. Railroad, . 30 : 000 00 60,600 00 

400 " Cleveland and Pittsburgh R.R., 20,000 00 29,200 00 

200 " N. Y. Cent, and H. River R. R., 20,000 00 21,000 00 

110 " C. B. & Quincy Railroad, . . 11,000 00 15,015 00 

50 " Union Pacific Railroad, . . 5,000 00 2,750 00 

100 " Central Pacific Railroad, . . 10,000 00 4,300 00 

30 " Naugatuck Railroad, . . 3,000 00 6,060 00 

50 " Housatonic Railroad, . . 5,000 00 6,500 00 

3 blocks Chic, Burl, and North'n R. R., 692 00 692 00 

Indianapolis and Cincinnati R. R. bonds, . 16,500 00 17,490 00 

Vermont Valley Railroad bonds, . . 25,000 00 26,250 00 

St. Johnsbury and Lake Cham R.R. bonds, 15,000 00 16,500 00 

Pittsburgh, Cleve. and Toledo R. R. bonds, 10,000 00 10,700 00 

Kansas Pacific Railroad bonds, . . . 10,000 00 10,100 00 

C , C, Cin. and Indianapolis R. R. bonds, . 25,000 00 30,500 00 

Morris and Essex Railroad bonds, . . 10,000 00 14,000 00 

Chicago, M. and St. Paul Railroad bonds, . 20,000 00 25,800 00 

Dayton and Michigan Railroad bonds, . 25,000 00 26,250 00 

Terre Haute and Logansport R. R. bonds, . 10,000 00 11,000 00 

Town of Norwich bonds, .... 60,000 00 78,000 00 

Town of Hartford bonds, .... 5,000 00 5,150 00 

Town of Windsor Locks bonds, . . . 9,500 00 9,500 00 

Town of Thomaston bonds, . . . 15,000 00 15,000 00 

Town of Pawtucket bonds, .... 25,000 00 30,000 00 

School District No. 4, Salamanca, bonds, . 13,000 00 14,040 00 

Atlantic Dock Company, .... 9,000 00 9,720 00 

City of Lockport bonds, .... 10,000 00 11,500 00 

City of Des Moines bonds, .... 10,000 00 11,500 00 

City of Council Bluffs bonds, . . . 5,000 00 5,000 00 

City of Washington (Ind.) bonds, . . 9,000 00 9,540 00 

City of Indianapolis bonds, . . . 20,000 00 22,000 00 

City of Evansville bonds, .... 15,000 00 14,250 00 

City of New Brunswick bonds, . . . 10,000 00 11,000 00 

County of Peoria bonds, .... 5,000 00 5,000 00 

County of Coffey (Kan.) bonds, . . 10,000 00 10,000 00 



296 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



County of Wapello (Iowa) bonds, 
County of Lyon (Iowa) bonds, . 

Kansas school bonds, 

Mason and Tazewell District (111.) bonds, . 



Par value. 

$ 10,000 00 

10,000 00 

G,797 00 

10,000 00 



3Iarket value. 
$10,000 00 

10,000 00 
6,797 00 

10,366 66 



$810,539 00 $1,003,428 66 



Securities held as collateral for cash loans: — 



25 shares National Fire Insurance Co. 
16 " National Fire Insurance Co. 
20 " Connecticut Fire Ins. Co., 

4 " iEtna Fire Insurance Co., 
3 " .ZEtna Fire Insurance Co., 

15 " iEtna Fire Insurance Co., 
30 " iEtna Life Insurance Co., 

2 " iEtna Fire Insurance Co., 
15 " American National Bank, 

5 " Charter Oak National Bank, 

3 " First National Bank, . 

5 " Security Company, 
25 " Hartford Trust Company, 

100 " Collins Company, 

6 u American Screw Co., Provid'ce, 
35 " Conn. General Life Ins. Co., 

7 " Middlesex County Nat'l Bank, 
24 " Adams Express Company, 

5 " Adams Express Company, 
28 " Adams Express Company, 
Morris and Essex Railroad bonds, 
65 shares Eagle Lock Co., Terryville, 
10 " Meriden Britannia Company, 
10 " N. Y. Cent, and H. River R.R 
17 " C, B. and Quincy Railroad, 
340 " Willimantic Linen Company, 
100 " Billings & Spencer Company, 
40 " Adams Express Company, 
25 " iEtna Fire Insurance Co., 
1070 " Willimantic Linen Company, 

100 " Russell & Erwin Manuf'g Co. 
Indianapolis and Cincinnati R. R. bonds, 
Keokuk and Des Moines Railroad bonds, 
60 shares Western Union Telegraph Co., 



Market value. 

$3,225 00 
2,064 00 
2,200 00 

964 00 

723 00 
3,615 00 
6,000 00 

482 00 
1,125 00 

690 00 

312 00 

675 00 
2,875 00 

800 00 
1,410 00 
4,200 00 

735 00 
3,480 00 

725 00 

4,060 00 

2,800 00 

3,250 00 

1,000 00 

1,030 00 

2,312 00 

14,620 00 

4,700 00 

5,800 00 

6,025 00 

46,010 00 

10,000 00 

3,150 00 

540 00 
4,320 00 



Loaned thereon. 

$600 00 
1,350 00 
1,350 00 
700 00 
500 00 
2,520 00 
1,200 00 

) 

J> 1,880 00 

J 

} 4,050 00 

J 

3,000 00 
360 00 

1,350 00 
500 00 



4,000 00 



} 

] 

[ 5,000 00 
i 
J 



y 17,000 oo 



30,000 00 

3,000 00 
2,700 00 



$145,917 00 $81,060 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $37,115 27 
Loans on mortgage of real estate (first liens*), 243,026 67 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$70S,545 00 
223,955 00 



1885.] 



INS. COS. OF OTHER STATES. 



297 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, 

Gross assets, 

Liabilities. 

Losses claimed and unpaid, 

disputed or resisted, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$4,409 53 

1,003,428 66 

81,060 00 

275 59 

91,944 87 

14,983 33 

87,322 92 

350 00 



$1,563,916 84 



),075 54 

3,587 50 

357,396 02 

11,963 16 



Surplus over capital, 

Income. 
Cash received for fire premiums, . . $691,036 73 
Deduct reinsurance and return premiums, . 119,916 91 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, .... 

Expenditures. 
Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash dividends paid, 

paid for commissions and brokerage, . 

for salaries of officers and employees 

for State and local taxes, . 

for incidentals, .... 

Gross cash expenditures, 

Risks and Premiums. 



$354,130 35 
13,541 62 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



.$49,016,242 00 
. 50,972,716 00 

.$99,988,958 00 
. 44,514,876 00 

.$55,474,082 00 
. 1,125,544 00 



433,022 22 

$1,130,894 62 
1,000,000 00 

$130,894 62 



$571,119 82 

13,810 61 

53,963 92 

715 00 

$639,609 35 



$340,588 73 

20,000 00 

87,777 96 

42,115 71 

13,662 98 

55,551 88 

$559,697 26 

Premiums. 

$626,721 97 

694,166 63 

1,320,888 60 

609,793 14 

$711,095 46 

13,875 84 



.$54,348,538 00 $697,219 62 



298 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (2 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$4,868,070 65 

2,875,750 38 

625,000 00 

20,000 00 

338,153 30 

127,000 00 



ORIENT MUTUAL INSURANCE COMPANY, NEW YORK. 

[Incorporated Feb 18, 1854. Commenced business March 1, 1854.] 

Eugene Dutilh, President. Charles Irving, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, 

Atlantic Mutual Insurance Company scrip, 
Orient Mutual Ins. Co. scrip, $77,467 00 



Tar value. 

$150,000 00 
4,000 00 



Market value. 

$169,125 00 
4,000 00 



$154,000 00 $173,125 00 



Summary of Assets Dec. 31, 1885. 



Cash value of unencumbered real estate, 
Stocks, bonds, etc., as per schedule, . 
Cash deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection Cgross), 
Notes taken for marine and inland risks, 
Rents due and accrued, 

All other assets, 

Gross assets, 

Liabilities. 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, . 
Interest due or accrued on scrip, . 
Commissions and brokerage, 
Due for reinsurance, .... 
Gross liabilities, except scrip, 

Surplus as regards policy-holders, 
Scrip outstand'g, not ordered to be redeemed, 

Surplus over capital, 



$450,000 00 

173,125 00 

66,182 41 

4,883 77 

39,255 47 

159,641 74 

5,283 34 

1,107 60 



$36,720 00 

77,881 92 

631 00 

5,825 61 

2,024 83 

1,266 48 



$899,479 33 



124,349 84 

$775,129 49 
593,203 00 

$181,926 49 



1885.] 



INS. COS. OF OTHER STATES. 



299 



Income. 

Cash received for marine and inl'd prems, . $464,963 41 
Deduct reinsurance and return premiums, . 118,862 96 

Net cash rec'd for marine and inland prem's, 

Interest and dividends received from all sources, 
Income from rents, 



Gross cash income, 



Expenditures. 
Cash paid for marine and inland losses, . $247,210 87 
Deduct salvage and reinsurance, . . 40,789 63 

Net cash paid for marine and inland losses, 

Interest paid scrip-holders, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



Gross cash expenditures, 



$346,100 45 

5,273 52 

27,233 34 

$378,607 31 



$206,421 24 
719 55 
21,324 37 
38,350 10 
12,602 61 
11,208 60 

$290,626 47 



Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1884, . $8,974,356 00 $80,088 62 
written during 1885, . . 55,274,389 00 435,835 63 



Total, $64,248,745 00 $515,924 25 

Deduct risks expired and terminated, . . 54,744,299 00 430,501 45 



In force at end of year, 



1,504,446 00 $85,422 80 



PACIFIC FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated April 26, 1851. Commenced business April 29, 1851.] 
Paid-up Capital, $200,000. 



Thos. F. Jeremiah, President. 



Frank T. Stinson, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, 

New York city bonds, 

Broadway and 7th Avenue Railroad bonds, 
Syracuse, Bing. and N. Y. R. R. bonds, 
N. Y. Central and Hudson Riv. R R. bonds, 



Par value. 

$331,000 00 

112,000 00 

10,000 00 

5,000 00 

5,000 00 



Market value. 

$410,521 25 

113,120 00 

11,000 00 

6,675 00 

5,300 00 



$463,000 00 $546,616 25 



300 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans : — 

10 shares Star Fire Insurance Company, . 
10 " People's Fire Ins. Company, 
2 " Eighth Avenue Railroad, 



Market value. Loaned thereon. 

$550 00 §450 00 

530 00 400 00 

400 00 200 00 



$1,480 00 

Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $70,000 00 

Loans on mortgage of real estate (first liens*), 86,400 00 

Interest due or accrued thereon, . . . 564 50 

Stocks, bonds, etc., as per schedule, . . 546,616 25 

Loans on collateral security, as per schedule, 1,050 00 

Cash in the office of the company, . . 4,146 24 

deposited in bank, .... 14,926 71 

Interest due and accrued, .... 5,767 87 

Premiums in course of collection (gross), . 28,530 63 

Rents due and accrued, .... 125 00 
Premiums more than 3 months dae, $691 43 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, .... $3,190 00 

claimed and reported, . . . 16,110 00 

disputed or resisted, . . . 6,000 00 

Unearned premiums on outstanding risks, . 185,758 88 

State and local taxes, 600 00 

Commissions and brokerage, . . . 6,605 99 

Gross liabilities, except capital, . . 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, 



il,050 00 



$758,127 20 



218,264 87 

$539,862 33 
200,000 00 



$339,862 33 



Income. 

Cash received for fire premiums, . . . $329,563 91 
Deduct reinsurance and return premiums, . 19,921 69 

Net cash received for fire premiums, . . $309,642 22 

Interest received on mortgages, 4,443 61 

and dividends received from all other sources, . 20,325 42 

Income from rents, 2,716 67 

Gross cash income, $337,127 92 

* Value of lands mortgaged $74,100 00 

Value of buildings thereon 115,700 00 

Amount of insurance held as collateral, . . 99,300 00 



1885.] 



INS. COS. OF OTHER STATES. 



301 



Expenditures. 

Cash paid for fire losses, .... $200,432 91 
Deduct salvage and reinsurance, . . 10,615 53 

Net cash paid for fire losses, . . . 

Cash dividends paid, 

paid for commissions and brokerage, . 

for salaries of officers and employees 

for State and local taxes, . 

for rent and incidentals, . . 

Gross cash expenditures, 



8189,817 38 
24,000 00 
57,872 16 
23,240 S3 
8,663 44 
26,507 54 

$330,100 85 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . . $38,883,373 00 $330,316 72 



written during 1885, 



Total, 

Deduct risks expired and terminated, , 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



37,352,852 00 334,264 17 



$76,236,225 00 $664,580 89 
35,162,801 00 298,023 41 



$41,073,424 00 $366,557 48 
1,089,778 00 10,958 81 



$39,983,646 00 $355,598 67 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$4,643,041 00 

2,194,377 00 

1,176,000 00 

24,000 00 

182,109 00 

57,350 00 



PENNSYLVANIA FIRE INSURANCE COMPANY, PHILA- 
DELPHIA, PENN. 

[Incorporated March, 1825. Commenced business April, 1825.] 

Paid-up Capital, $400,000. 

John Devereux, President. John L. Thomson, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 
Camden County bonds, 
Philadelphia city bonds, 
Harrisburg city bonds, 
St. Louis city bonds, . 



Par value. 

$1,000 00 
12,000 00 
50,000 00 
18,000 00 
25,000 00 



Market value. 

$1,035 00 
12,960 00 
64,230 00 
20,520 00 
29,500 00 



302 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cincinnati city bonds, .... 
Pittsburgh city bonds, .... 
Newark city bonds, .... 
Phila., Wilmington and Bait. R. R. bonds, 
Philadelphia and Erie Railroad bonds, 
Pennsylvania Railroad bonds, 
United Companies of X. J. Railroad bonds 
Easton and Amboy Railroad bonds, . 
Philadelphia and Reading Railroad bonds 
Phila. and Reading Coal and Iron Co. b'ds 
Lehigh Valley Railroad bonds, . 
Elmira and Williamsport Railroad bonds, 
West Jersey Railroad bonds, 
Penn. and New York Canal and R. R Co. 
Delaware Railroad bonds, . 
Western Pennsylvania Railroad bonds, 
Chicago and Western Indiana R. R. bonds 
Jacksonville Southeastern Riilroad bonds 
Shamokin, Sun. and Lew. Railroad bonds, 
Corning, Cow. and Antrim Railroad bonds 
Terre Haute and Logansport R. R. bonds 
New York and Long Branch R. R. bonds, 
Northern Pacific Railroad bonds, 
Superior Street Railroad bonds, . 
Bellefonte, Nettany and Lemont R. R. b'ds 
St. Paul and Northern Pacific R. R. bonds 
Lehigh Valley Coal Company bonds, . 
Pittsburgh, McK. and Yough. R. R. bonds 
Cleve., Col., Cin. and Ind. Railroad bonds 
New York, Lake Erie and Western R.R. b'ds, 
Dixon Water Company bonds, . 
Galesburg Water Company bonds, 
Knoxville Water Company bonds, 
United Gus Improvement Company bonds 
American Steamship Co., Phila., bonds, 
Schuylkill Navigation Company bonds, 
Lehigh Coal and Navigation Co. bonds, 
dies, and Delaware Canal Company bonds 
Delaware Division Canal Company bonds 
Pennsylvania Company bonds, . 
Central New Jersey Car Trust bonds, 
New York and Pacific Car Trust bonds, 
Car Trust of New York bonds, . 
Central R.R. of New Jersey Car Trust b'ds 
Iron Mountain Car Trust bonds, . 
Colorado Rolling Stock Trust bonds, . 
200 shares Phila. National Bank, . 



Par value. 

$53,000 00 
60,000 00 
20,000 00 

110,000 00 
75,000 00 
99,000 00 
60,000 00 
50,000 00 

156,500 00 
20,000 00 
55,000 00 
25,000 00 
10,000 00 
24,000 00 
15,000 00 
4,000 00 
50,000 00 
30,0<K) 00 
20,000 00 
30,000 00 
50,000 00 
25,000 00 
40,000 00 
10,000 00 
20,000 00 
10,000 00 
25,000 00 
20,000 00 
30,000 00 
20,000 00 
10,000 00 
10,000 00 
15,000 00 
20,000 00 
15,000 00 
20,700 00 
20,000 00 
10,000 00 
20,000 00 
11,000 00 
2,000 00 
72,000 00 
20,000 00 
30,000 00 
2,000 00 
20,000 00 
20,000 00 



Market value. 

$68,390 00 

73,065 00 

24,300 00 

112,850 00 

82,500 00 

112,400 00 

69,000 00 

55,500 00 

149,360 00 

11,000 00 

69,510 00 

29,500 00 

12,600 00 

31,200 00 

17,250 00 

4,400 00 
54,700 00 
27,900 00 
17,500 00 
31,500 00 
55,000 00 
25,000 00 
46,000 00 
10,200 00 
22,000 00 
10,950 00 
26,250 00 
21,600 00 
30,900 00 
20,000 00 

9,500 00 

9,500 00 
14,700 00 
19,600 00 
16,500 00 
15,161 25 
23,350 00 

8,300 00 
20,600 00 
12,100 00 

2,030 00 
72,420 00 
17,000 00 
30,450 00 

2,000 00 

a .ooo oo 

44,200 00 



§1,640,200 00 §1,787,981 25 



1885.] 



INS. COS. OF OTHER STATES. 



303 



Securities held as collateral for cash loans : — 



75 shares Pennsylvania Railroad, 
47 " First NatM Bank of Camden, 
100 " Lehigh Valley Railroad, . 
200 " Pennsylvania Railroad, 
500 " Bethlehem Iron Company, 
700 " Central R. R. of New Jersey, 
600 " Insurance Company of No. Am 
95 " Calumet and Hecla Mining Co 
110 " United Firemen's Insurance Co 
100 " North Pennsylvania Railroad, 
Summit Branch Railroad bonds, . 
Pittsburgh and Lake Erie Railroad bonds, 
Lehigh Coal and Navigation Co. bonds, 
Norfolk and Western Railroad Co. bonds, 
Central Car Trust bonds, 
Railroad Equipment Co. bonds, . 



Market value. 

$4,078 00 

7,050 00 

5,650 00 

10,875 00 

30,000 00 

30,137 50 

21,750 00 

20,040 00 

1,512 50 

6,900 00 

1,000 00 

59,000 00 

24,530 00 

18,000 00 

10,000 00 

10,000 00 



Loaned thereon. 

$3,800 00 
5,500 00 

[ 50,000 00 



} 



1 



25,000 00 

1,000 00 

6,000 00 

900 00 

50,000 00 



} 50,000 00 
i 

i 

J 



$260,523 00 $192,200 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $115,000 00 
Loans on mortgage of real estate (first liens*), 147,370 00 
Interest due or accrued thereon, . . . 2,676 54 
Stocks, bonds, etc., as per schedule, . . 1,787,981 25 
Loans on collateral security, as per schedule, 192,200 00 
Cash in the office of the company, . ; 1,768 87 
deposited in bank, .... 218,626 22 
Interest due and accrued, .... 1,084 80 
Premiums in course of collection (gross), . 85,172 29 
Rents due and accrued, .... 736 84 
Gross assets, 



$2,552,616 81 



Liabilities. 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$79,884 89 
530,926 25 
484,606 90 



Surplus over capital, 



1,095,418 04 

11,457,198 77 
400,000 00 

U,057,198 77 



* Total value of property mortgaged, . . . $444,500 00 
Amount of insurance held as collateral, . . 124,500 00 



304 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Income. 
Cash received for fire premiums, . . $1,033,723 18 
Deduct reinsurance and return premiums, . 136,059 62 

Net cash received for fire premiums, . . $897,663 56 

Interest received on mortgages, 8,406 33 

and dividends received from all other sources, . 98,845 49 
Income from rents, 250 00 

from perpetuals, 703 57 

Deposits received forperpetual fire risks, . $30,070 96 



Gross cash income, 



.$1,005,868 95 



Expenditures. 
Cash paid for fire losses, .... 

dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees 

for State and local taxes, . 

for incidentals, .... 



Deposits retM on perpet'l fire risks, 
Gross cash expenditures, 



$10,942 02 



$544,140 43 
40,000 00 
204,294 23 
27,062 58 
23,219 84 
50,824 40 



$889,541 48 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premlnms. 

.$80,433,924 00 $999,145 13 
. 76,680,940 00 1,046,295 53 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$157,114,864 00 $2,045,440 66 
. 72,160,702 00 967,314 56 



. $84,954,162 00 $1,078,126 10 
2,511,579 00 39,444 39 



.$82,442,583 00 $1,038,681 71 



Perpetuals in force (not included above), $20,140,507 00 $520,968 90 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$13,031,280 00 
. 8,421,726 00 
. 2,219,000 00 

40,000 00 
524,741 55 

59,500 00 



1885.] 



INS. COS. OF OTHER STATES. 



305 






PEOPLE'S FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated 1851. Commenced business April 23, 1851.] 

Paid-up Capital, $200,000. 

F. V. Price, President. A. C. Milne, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $200,000 00 $245,845 00 

Union Pacific R. R. bonds, .... 36,000 00 42,160 00 

Northern Pacific R. R. bonds, . . . 20,000 00 22,200 00 

Kansas Pacific R. R. bonds, . . . 20,000 00 20,000 00 

International and Great No. R. R. bonds, . 10,000 00 8,500 10 

150 shares Union Pacific R. R., . . . 15,000 00 8,250 00 

100 " National Bank of Commerce, . 10,000 00 16,000 00 

100 " People's Bank, . . . . 2,500 00 3,750 00 

7 " Second Avenue Railroad, . . 700 00 1,400 00 



$314,200 00 $308,105 00 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

50 shares Amer. Merchants 1 Union Ex. Co., $5,100 00 $3,700 00 m 

Summary of Assets Dec. 31, 1885. 

Loans on mortgage of real estate (first liens*), $3,500 00 

Interest due or accrued thereon, . . . 105 00 

Stocks, f bonds, etc., as per schedule, . . 368,105 00 

Loans on collateral security, as per schedule, 3,700 00 

Cash in the office of the company, . . 1,609 33 

deposited in bank, .... 3,969 02 

Interest due and accrued, .... 4,061 00 

Premiums in course of collection (gross), . 23,884 80 

more than 3 months due, $140 06 

Gross assets, 



Liabilities. 
Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . , 
Less reinsurance, . 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Due and accrued for rent, etc., . 



- $408,934 15 



$23,439 74 
3,065 00 
1,750 00 



$28,254 74 
3,324 30 

$24,930 44 

110,498 90 

1,559 10 



* Value of lands mortgaged, .... $6,000 00 
Value of buildings thereon, .... 3,00000 
Amount of insurance held as collateral, . . 3,000 00 



306 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



State and- local taxes, $1,500 00 

Commissions and brokerage, . . . 4,645 68 

Return premiums, 2,825 23 

Gross liabilities, except capital, . . 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, 

Income. 

Cash received for fire premiums, . . $288,946 43 
Deduct reinsurance and return premiums, . 41,019 70 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Gross cash income, 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, — 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

lor incidentals 



$170,375 61 
8,501 27 



Gross cash expenditures, 



$145,959 35 

$262,974 80 
200,000 00 

$62,974 80 



$247,926 73 

499 52 

15,988 73 

$264,414 98 



$161,874 34 

20,000 00 

57,130 99 

13,457 95 

3,793 52 

H,991 75 

$271,248 55 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . .$23,843,827 00 $187,870 25 

34,566,431 00 289,186 61 



written during 1885, 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$58,410,258 00 $477,056 86 
34,835,732 00 246,595 83 



$23,574,526 00 $230,461 03 
914,806 00 9,463 23 



$22,659,720 00 $220,997 80 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$2,678,327 00 

1,322,178 00 

518,000 00 

20,000 00 

157,597 00 

49,000 00 



1885.] 



INS. COS. OF OTHER STATES. 



307 



PEOPLE'S INSURANCE COMPANY, PITTSBURGH, PA. 

[Incorporated March 17, 1862. Commenced business June 10, 1862.] 

Paid-up Capital, $200,000. 

James Herdman, President. Wm. F. Gardner, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. 

United States bonds, $30,000 00 

Liberty School District bonds, . . . 4,000 00 

Pittsburgh Junction Railroad bonds, . . 13,000 00 

Tradesmen's National Bank stock, . . 6,500 00 

Third National Bank stock, .... 2,500 00 

Citizens 1 National Bank stock, . . . 500 00 



Market value. 

$33,787 50 

.4,673 00 

14,430 00 

11,375 00 

4,000 00 

600 00 



$56,500 00 $68,865 50 



Securities held as collateral for cash loans : — 



Iron City National Bank stock, . 
Allegheny Valley Railroad bonds, 
Metropolitan National Bank stock, 
Birmingham Insurance Company stock, 
Monongahela Water Company stock, . 
Artisans 1 Insurance Company stock, . 
Tradesmen^ National Bank stock, 
Boatman^ Fire and Marine Ins. Co. stock, 
Hazlewood Oil Company stock, . 



Market value. Loaned thereon. 

$1,530 00 $1,100 00 



1,250 00 
2,470 00 ' 

300 00. 
1,440 00 

750 00 

525 00. 

583 00 
9,540 00 



900 00 
2,000 00 

2,000 00 

200 00 
5,000 00 



$18,388 00 $11,200 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $57,000 00 
Loans on mortgage of real estate (first liens*) , 153,88 L 35 

Interest due or accrued thereon, . . . 3,078 86 

Stocks, bonds, etc., as per schedule, . . 68,865 50 

Loans on collateral security, as per schedule, 1 1,200 00 

Cash in the office of the company, . . 5,676 32 

deposited in bank, .... 11,455 65 

Premiums in course of collection (gross), . 11,765 87 

Rents due and accrued, .... 1,074 25 
Premiums more than 3 months due, $991 90 

Gross assets, 



* Value of lands mortgaged, . . . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$323,997 80 



M49.400 00 
238,500 00 
129,200 00 



308 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$7,972 77 




3,491 25 




2,870 23 




81,571 58 




250 00 




157 54 






$96,313 37 



Surplus over capital, 



$227,684 43 
200,000 00 

$27,684 43 



Income. 

Cash received for fire premiums, . . . $181,97180 
Deduct reinsurance and return premiums, . 30,888 41 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, 



$151,083 39 

10,058 57 

4,606 42 

4,791 50 

$170,539 88 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, - 

Cash dividends paid, . . 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

for repairs on real estate . 

Gross cash expenditures, . 



$122,272 11 
2,957 82 



$119,314 29 
12,000 00 
27,870 12 
7,700 00 
4,190 74 
7,718 43 
2,020 10 

$180,813 68 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . . $9,563,477 00 $139,783 27 
written during 1885, . . . 12,104,196 00 183,019 37 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



$21,667,673 00 $322,802 64 
10,626,941 00 161,949 12 



$11,040,732 00 $160,853 52 
422,433 00 5,606 43 



Net amount in force, 



. $10,618,299 00 $155,247 09 



1885.] 



INS. COS. OF OTHER STATES. 



309 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$1,366,771 95 

800,056 59 

220,000 00 

12,000 00 

110,597 14 

24,250 00 



PHENIX INSURANCE COMPANY, BROOKLYN, N. Y. 

[Incorporated Sept. 10, 1853. Commenced business Sept. 10, 1853.] 

Paid-up Capital, $1,000,000. 

Stephen Crowell, President. Philander Shaw, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Mississippi State warrants, . 
Virginia deferred certificates, 
Brooklyn city bonds, .... 
1158 shares Citizens' Gas L't Co., Brooklyn 
Nassau Gas L't Co , Brooklyn, certificates, 
900 shares Nassau Gas L't Co., Brooklyn 



285 
295 
352 
240 
150 
4975 
150 
100 
135 
500 

13 
500 
500 
200 

50 
300 
286 

87 
200 

40 
100 
100 

80 
290 

93 



N. Y. Mutual Gas L Co., N. Y. 
People's Gas L. Co., Brooklyn 
Brooklyn Gas L. Co., Brooklyn 
Consolidated Gas L. Co., N. Y. 
Fulton Mun. G. L. Co.,Br'klyn 
Brooklyn City Railroad, . 
Cent. Park, N. and E. R. R. R. 
Christopher & Tenth Sts. R.R. 
Second Avenue Railroad, . 
N. Y. Cent. & Hud. Riv. R. R. 
Merchants' Nat'l Bank, N. Y., 
Metropolitan Nat'l B'k, N. Y., 
American Exch. Bank, N. Y., 
Central Nat'l Bank, N. Y., 
Nat'l Shoe and L. Bank, N. Y. 
St Nicholas Bank, N. Y., 
Nat'l B'k of the Republic, N.Y. 
Nat'l B'k of Commerce, N. Y. 
Fourth Nat'l Bank, N. Y\, 
Mechanics' Nat'l Bank, N. Y., 
Mercantile Nat'l Bank, N. Y., 
National Park Bank, N. Y., 
Commercial Bank, Brooklyn, 
Mechanics' Bank, Brooklyn, 
National City Bank, Brooklyn 



Par value. 

$937,500 00 
20,000 00 
14,772 33 
15,000 00 
23,160 00 
17,000 00 
22,500 00 
28,500 00 

2,950 00 

8,800 00 
24,000 00 
15,000 00 
49,750 00 
15,000 00 
10,000 00 
13,500 00 
50,000 00 
650 00 
50,000 00 
50,000 00 
20,000 00 

5,000 00 
30,000 00 
28,600 00 

8,700 00 
20,000 00 

1,000 00 
10,000 00 
10,000 00 

4,800 00 
14,500 00 

4,650 00 



Market value. 

,099,500 00 

20,000 CO 

1,920 40 
20,250 00 
20,149 20 
17,170 00 
29,475 00 
39,045 00 

2,537 00 
11,440 00 
24,000 00 
24,450 00 
102,485 00 
21,450 00 
15,000 00 
28,350 00 
53,000 00 
812 50 
15,000 00 
62,500 00 
24,000 00 

6,750 00 
37,800 00 
35,750 00 
14,355 00 
25,000 00 

1,450 00 
12,500 00 
16,000 00 

6,432 00 
30,450 00 
13,950 00 



310 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Par valae. 

250 shares Brooklyn Trust Co., Brooklyn, $6,250 00 

500 " Western Union Telegraph Co., 50,000 00 

New York Mutual Gas L. Co., N. Y., bonds, 37,000 00 

People's Gas Light Co., Brooklyn, bonds, . 62,000 00 

N. Y. Equitable Gas L. Co., N. Y., bonds, . 10,000 00 

Broadway & Seventh Avenue R R. bonds, 25,000 00 

Houston and Texas Central R. R. bonds, . 3,000 00 

Central Railroad of New Jersey bonds, . 3,000 00 

Toledo, Ann Arbor & G. T. R. R. bonds, . 75,000 00 

Ohio Southern Railroad bonds, . . . 25,000 00 

New York Elevated Railroad bonds, . . 25,000 00 

Long Island Railroad bonds, . . . 100,000 00 

Long Island City and Flushing R. R. bonds, 15,000 00 

New York, Chic and St. Louis R. R. bonds, 100,000 00 

South Side, L. I., Railroad bonds, . . 25,000 00 

Smithtown and Port Jefferson R. R. bonds, 10,000 00 

Pittsfield, Cleve. and Toledo R. R. bonds, . 50,000 00 

Detroit, Mack, and Marquette R. R. bonds, 100,000 00 

East Tenn., Va. and Georgia R R. bonds, . 50,000 00 

Nashville, Chatt. and St. Louis R R. bonds, 20,000 00 

Board of Trade, Chicago, certificate, . . 2,700 00 



Market value. 

$14,375 00 
37,500 00 
39,220 00 
65,120 00 
11,300 00 
27,000 00 
3,060 00 
3,210 00 
75,000 00 
25,000 00 
32,000 00 

108,000 00 
15,000 00 

100,000 00 
27,500 00 
10,000 00 
53,250 00 
55,000 00 
35,500 00 
20,400 00 
2,700 00 



$2,319,282 33 $2,593,106 10 



Securities held as collateral for cash loans : — 

Market value. 

50 shares Fireman's Trust Ins. Co., B'klyn, § 125 00 

7 " Market Nat'l Bank, N. Y., . . 1,085 00 
30 " Standard Fire Ins. Co., N. Y., . 1,575 00 

8 " Home Fire Ins. Co., N. Y., . 1,080 00 
50 " Hamilton Fire Ins. Co., N. Y., . 862 50 

5 " Amer. Exch. Fire Ins. Co. N. Y., 505 00 

30 " Citizens' Nat'l Bank, N. Y , . 825 00 

25 " Hanover Nat'l Bank, N. Y., . 3,625 00 

5 " Chic, Burl. & Quincy R.R., . 575 00 

40 " Williamsb'hC'yF.Ins.Co.,B'klyn, 4,620 00 

18 " N. Y. Nat'l Exch. Bank, N. Y., . 1,980 00 

18 " Watkin's Automatic Tel. Co., . 112 50 

15 " Home Fire Ins. Co., N. Y., . 2,025 00 
150 " Consolidated Gas L't Co., N. Y., 15,000 00 

40 " National Park Bank, N. Y , . 6,400 00 

20 " Nat'l Bank of Commerce, N. Y., 3,300 00 

10 " Home Fire Ins. Co., N. Y., . 1,350 00 

16 " Rutgers Fire Ins. Co., N. Y., . 480 00 
50 " Cent. Park, N. and E. R. R. R., . 7,150 00 

People's Gas Light Co., Brooklyn, bonds, . 4,240 00 

Central Pacific Railroad bonds, . . . 2,300 00 

New York City Stock, Central Park Loan, . 2,400 00 

Assignm't of Mort. on Prop. Macon St., B'klyn, 15,000 00 



Loaned thereon. 

$1,100 00 

1,200 00 

1,500 00 

400 00 

3,000 00 

500 00 
3,000 00 

1,800 00 

900 00 
9,250 00 

8,000 00 

1,000 00 

350 00 

5,000 00 

3,500 00 

1,950 00 

1,000 00 

7,000 00 



$76,615 00 $50,450 00 



1885.] 



INS. COS. OF OTHER STATES. 



311 



Summary of Assets Dec. 81, 1885* 
Cash value of unencumbered real estate, . $738,512 58 
Loans on mortgage of real estate (first liensf), 342,750 00 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, 

Gross assets, 

Deduct special deposits in other States, 



Balance, 



Liabilities. 

Losses claimed and reported, 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
State and local taxes, .... 
Commissions and brokerage, 
Reinsurance and return premiums, 

Gross liabilities except capital, . 
Deduct liabilities on special deposits, . 



5,696 51 

2,593,106 10 

50,450 00 

496 67 

458,319 38 

7,630 20 

661,535 85 

62,230 87 

3,158 57 



$1,923,886 73 
317,600 00 



$1,606,286 73 



$316,255 63 

28,218 00 

2,815,048 84 

3,000 00 

2,500 00 

13,403 37 

1,293 47 

$3,209,719 31 
117,505 10 



3,092,214 2i 



Surplus as regards policy-holders, . . . $1,514,072 52 
Paid-up capital, 1,000,000 00 

Surplus over capital, $514,072 52 

Income. 

Cash received for fire premiums, . . $4,418,462 51 

Deduct reinsurance and return premiums, . 654,809 19 

Net cash received for fire premiums, . . $3,763,653 32 

Cash received for marine and inl'd prenr's, $1,296,570 65 
Deduct reinsurance and return premiums, . 176,261 06 

Net cash rec'd for marine and inl'd prem's, 1,120,309 59 



* The company holds, also, instalment premium notes to the amount of $780,622.10 which 
do not enter into nor form any part of the assets of the company, as no portion of them in 
earned. Whatever value is attached to them would necessarily be counterbalanced by the 
addition of an exactly equal amount to the reinsurance liability, the entire sum consisting of 
" unearned premiums." 

| Value of lands mortgaged, .... $268,550 00 

"Value of buildings thereon 403,750 00 

Amount of insurance held as collateral, . . 340,400 00 



312 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest received on mortgages, 

and dividends received from all other sources, 

Income from rents, 

Profits on securities sold, 

Gross cash income, 



$18,402 27 
139,694 85 

11,193 95 

20,064 

$5,073,318 78 



1,007,739 57 
63,058 72 



Expenditures. 

Cash paid for fire losses $2,000,801 98 

Deduct salvage and reinsurance, . . 81,635 35 

Net cash paid for fire losses, . . . 

Cash paid for marine and inland losses, 
Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

lor salaries of officers and employees, 

for State and local taxes, . 

for rents and incidentals, . 

Gross cash expenditures, .... 
Risks and Premiums. 



$1,919,169 63 



944,680 85 

100,000 00 

951,891 28 

278,763 85 

66,799 22 

317,409 98 

$4,578,714 81 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$356,094,754 00 
375,656,927 00 

$731,751,681 00 
304,794,084 00 

$426,957,597 00 
24,194,690 00 

$402,762,907 00 $5,179,005 49 



Premiums. 

$4,293,915 19 

4,394,660 45 

$8,688,575 64 

3,302,590 52 

$5,385,985 12 

206,979 63 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



$13,728,967 00 

190,086,622 00 

$203,815,589 00 

182,276,392 00 



$102,420 69 
1,377,439 22 

>1,479,859 91 
1,320 ; 843 42 



$21,539,197 00 $159,016 49 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



$51,645,946 00 

26,113,709 00 

2,714,000 00 

100,000 00 

1,952,816 00 

967,680 00 

118,600 00 



1885.] INS. COS. OF OTHER STATES. 313 



PHCENIX INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated May, 1854. Commenced business June, 1854.] 

Paid-up Capital, $2,000,000. 

H. Kellogg, President. D. W. C. Skilton, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

300 shares ^tna National Bank, Hartford, $30,000 00 $34,500 00 

1000 » American Nat'l Bank, Hartford, 50,000 00 72,500 00 

100 " Am. Loan and Trust Co., N.Y., 10,000 00 11,200 00 

150 " Central Trust Company, N. Y., 15,000 00 49,500 00 

' 162 t; Charter Oak Nat'l Bank, Hart., 16,200 00 22,680 00 

100 " Citizens' Nat'l Bank, Cincinnati, 10,000 00 13,500 00 

200 " City Bank, Hartford, . . 20,000 00 13,000 00 

100 " Conn. River Bank, Hartford, . 5,000 00 5,000 00 

450 " Farmers 1 & Mech. Nat'l B'k, Hart., 45,000 00 45,000 00 

168 " First Nat'l Bank, Wallingford, . 16,800 00 19,320 00 

1040 " Hartford Nat'l Bank, Hartford, 104,000 00 171,600 00 

400 " Hartford Trust Co., Hartford, . 40,000 00 46,000 00 

75 " Imperial Bank, Toronto, . . 7,500 00 10,500 00 

250 " Metropolitan Nat'l Bank, Cin., 25,000 00 26,250 00 

108 " Merchants' Exch. Nat'l B'k,N.Y., 5,400 00 5,400 00 

800 " Mercantile Nat'l Bank, Hartford, 80,000 00 84,000 00 

100 " Nat'l Shoe and Leather B'k,N.Y., 10,000 00 13,500 00 

324 " Nat'l Exchange Bank, Hartford, 16,200 00 23,490 00 

250 " Nat'l German Am. B'k, St. Paul, 25,000 00 28,500 00 

200 " New Britain Nat'l B'k, N.Brit'n, 20,000 00 30,000 00 

750 " Phoenix Nat'l Bank, Hartford, . 75,000 00 105,000 00 

200 " Queen City Nat'l Bank, Cincin., 20,000 00 19,000 00 

192 " State Bank, Hartford, . . 19,200 00 19,200 00 

400 " Waterbury Nat'l B'k, Waterb'y, 20,000 00 40,000 00 

500 " Avon, Gen. and Mt. Morris R.R., 50,000 00 50,000 00 

500 " Atchison/TopekaandS.F.R.R., 50,000 00 43,375 00 

500 " Chicago, Burl, and QuincyR.R., 50,000 00 68,750 00 

1000 " Chicago, R. I. and Pacific R.R., 100,000 00 130,000 00 

500 " Cleveland and Pittsburgh R.R., 25,000 00 36,500 00 

250 " Fort W. and Jackson R. R., . 25,000 00 26,250 00 

120 " Hartford and Conn. West. R.R., 12,000 00 1,800 00 

1285 " Illinois Central R.R., . . 128,500 00 175,905 00 

1000 " N. Y., N. H. and H. R. R., . 100,000 00 207,000 00 

250 " New York and Harlem R. R., . 12,500 00 26,875 00 

500 " N. Y. Cent, and H. R. R. R., . 50,000 00 53,000 00 

50 " Pittsburgh, F.W. and Chic. R.R., 5,000 00 7,050 00 

500 " Peoria and Bureau Val.R.R., . 50,000 00 80,000 00 

500 " Rensselaer and Saratoga R.R.,' 50,000 00 80,000 00 

660 " Holyoke Water Power Co., . 66,000 00 138,600 00 

United States bonds, 101,200 00 125,344 00 



314 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Mississippi State bonds, 
South Carolina " Consols " bonds, 
Tennessee State bonds, 
Atlantic Dock Company bonds, . 
Avondale, Ohio, town bonds, 
Hannibal, Mo., school bonds, 
Leavenworth City and Ft. L. water bonds, 
Washington Sch. Dist. of Hartford bonds, 
Cedar Rapids, I. Falls and N. West. ITy bonds, 
Chicago and N. West. Railway bonds, 
Chicago and Western Ind. Railroad bonds 
Chicago, Burl, and Quincy Railroad bonds 
Columbia and Greenville Railroad bonds, 
Columbus and Western Railroad bonds, 
Erie Railway bonds, .... 
Harlem R. and Port Chester Railroad bonds 
Indianapolis and Cincinnati Railroad bonds 
Minneapolis Union Railway bonds, . 
New York, Lack, and West. Railroad bonds 
Pittsburgh, Cieve. and Toledo R.R. bonds 
Terre Haute and Logansport R. R. bonds, 
Toledo, Ann Arbor and Grand Trunk bonds 



Par value. 

$20,000 00 

17,551 37 

18,025 10 

75,000 00 

11,000 00 
57,000 00 

25,000 00 

15,000 00 

50,0 00 
50,000 00 

60,000 00 

20,000 00 

50,000 00 

100,000 00 

100,000 00 

50,000 00 

51,000 00 

50,000 00 

50,000 00 

50,00) 00 

50,000 00 

50,000 00 



Market value. 

121,200 00 

19,306 60 

10,995 31 

81,000 00 

11,330 00 

58,710 00 

20,000 00 

15,750 00 

55,000 00 

59,000 00 

67,200 00 

19,600 00 

54,000 00 

100,000 00 

128,000 00 

66,500 00 

58,395 00 

55,000 00 

61,000 00 

53,000 00 

55,000 00 

47,000 00 



$2,580,076 47 $3,285,075 81 



Securities held as collateral for cash loans : — 



11 shares New York, N. H. and H. R. R., . 

69 " Adams Express Company, 

179 " Travelers 1 Insurance Company, 

10 " Holy oke. Water Power Company, 

20 " Hartford Carpet Company, 

20 " Chicago, R. I. and Pacific R. R , 

10 " Union Pacific Railroad, 

2 " Chicago, Burl, and Quincy R R., 

240 " Landers, Frary and Clark, . 

70 " Southern N.E. Telephone Co., . 
800 " Benedict and Burnham Mfg. Co., 
400 " Southern N. E. Telephone Co., . 

10 " First National Bank, . 



Market value. 

$2,200 00 

9,660 00 

44,750 00 

2,000 00 

4,000 00 

2,500 00 

530 00 "I 

268 00/ 

7,500 00 

4,550 00 

60,000 00 

2*3,000 00 

1,050 00 



} 



Loaned thereon. 

) 00 

3,350 00 

20,310 00 

150 00 

1,980 00 

1,440 00 

350 00 

10,000 00 

4tf,000 00 

20,000 00 

900 00 



$165,008 00 8J9,410 00 



Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $168,255 31 
Loans on mortg'e of real estate (first liens*), 407,880 00 



* Value of lands mortgaged, .... $955,820 00 
Value of buildings thereon, .... 289,930 00 
Amount of insurance held as collateral, . . 110,775 00 



1885.] 



INS. COS. OF OTHER STATES. 



315 



Interest accrued thereon, 
Stocks, bonds, etc , as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the oilice of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents due and accrued, 

Gross assets, 

Deduct special deposits in other States, 



$9,282 59 

3,285,075 81 

93,410 00 

32,139 92 

275,878 36 

3,926 46 

240,209 75 

912 50 



Balance, 



$4,522,970 70 
132,800 00 

$4,390,170 70 



Liabilities. 

Losses adjusted, and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, 

Gross liabilities, except capital, . 
Deduct liabilities on special deposits, . 



$192,590 83 

38,882 89 

1,334,932 36 

34,750 00 



; 1,60 1,1 56 08 
82,788 02 



1,518,368 06 



Surplus as regards policy-holders, 
Paid-up capital, 



. $2,871,802 64 
. 2,000,000 00 



Surplus over capital, 



$871,802 64 



Income. 

Cash received for fire premiums, . . $2,202,626 36 
Deduct reinsurance and return premiums, . 159,793 62 

Net cash received for fire premiums, . . 

Interest received on mortgages, 



and dividends received from all other sources, 
Income from rents, 



Gross cash income, 



- $2,042,832 74 
7,187 14 
177,555 54 
4,495 85 

. $2,232,071 27 



Expenditures. 

Cash paid for fire losses, 

dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$1,236,635 48 

280,000 00 

334,572 03 

96,989 87 

65,205 64 

177,239 09 



Gross cash expenditures, $2,190,642 11 



316 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . $208,150,227 00 $2,427,930 29 
written during 1885, . . 175,614,242 00 2,202,620 36 



Total $383,764,469 00 $4,630,556 65 

Deduct risks expired and terminated, . 166,801,038 00 2,063,982 66 



In force at end of year, . . . $216,963,431 00 $2,566,573 99 

Miscellaneous. 

Premiums received from organization of company, . $33,823,497 55 

Losses paid from organization of company, . . 20,222,563 55 
Cash dividends declared from organization of company, 3,885,000 00 

Dividends declared during the year (14 per cent.), . 280,000 00 

Fire losses incurred during the year, .... 1,205,624 20 

Company's stock owned by directors, . . . 144,700 00 



PROVIDENCE WASHINGTON INSURANCE COMPANY, 
PROVIDENCE, R. I. 

[Incorporated, 1799. Commenced business, 1799.] 

Paid-up Capital, $400,000. 

J. H. De Wolf, President. J. B. Branch, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $125,000 00 $154,062 00 

Union Pacific Railroad bonds, . . . 20,000 00 22,900 00 

N. Y., Providence and Boston R R. bonds, 31,000 00 39,292 00 

Rensselaer and Saratoga Railroad bonds, . 12,000 00 17.040 00 

Boston, Clinton and Fitchburg R.R. bonds, 2,000 00 2,237 00 

Atlantic Mutual Insurance Company scrip, 1,860 00 1,860 00 

50 shares Nat'l Bank of Commerce, N.Y., 5,000 00 8,000 00 

300 " N.Y.Mut Gas Light Co., N.Y., 30,000 00 40,500 00 

800 " American Nat'l B'k, Provid'ce, 40,000 00 36,800 00 

1600 " Blackstone Canal Nat'l B'k, Prov., 40,000 00 40,000 00 

300 " Commercial Nat'l Bank, Prov., 15,000 00 14,400 00 

200 " Lime Rock NatU Bank, Prov., . 10,000 00 10,600 00 

500 " Merchants 1 Nat'l Bank, Prov., . 25,000 00 31,250 00 

200 " Mechanics 1 NatU Bank, Prov., . 10,000 00 14,400 00 

100 " Roger Williams Nat'l B'k, Prov., 7,500 00 8,600 00 

300 " Nat'l Bank of Commerce, Prov., 15,000 00 16, 2 00 00 

350 " Nat'l B'k of No. America, Prov., 17,500 00 20,650 00 

200 " Weybosset National Bank, . 10,000 00 12,400 00 



1885.] 



INS. COS. OF OTHER STATES. 



317 



500 shares Providence Gas Company, 



50 

400 
500 
20 
300 
100 
187 



Bath Gas Light Co., Bath, Me., 
Atch., Topeka and Santa Fe R.R., 
Chicago and Alton Railroad, . 
Chic, Burl, and Quincy R. R., . 
Chic, Rock I. and Pacific R.R., 
Illinois Central Railroad, . 
What Cheer Corporation, 



Par value. 

$25,000 00 
5,000 00 
40,000 00 
50,000 00 
2,000 00 
30,000 00 
10,000 00 
20,000 00 



Market value. 

$37,500 00 
5,000 00 
35,200 00 
70,000 00 
2,750 00 
38,550 00 
14,000 00 
20,000 00 



$598,860 00 $714,191 00 



Summary of Assets Dec. 31, 1885. 



Stocks, bonds, etc, as per schedule, . 
Cash in the office of the company, 

deposited in bank, 

Premiums in course of collection (net), 

Notes taken for marine and inland risks, 

Prems. more than 3 months due, . $4,500 95 

Gross assets, 



$714,191 00 

374 44 

54,314 58 

71,264 63 

120,284 58 



$960,429 23 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Gross liabilities, except capital, . 

Surplus as regards policy-holders 
Paid-up capital, ..... 



$2,162 19 

72,057 21 

5,450 00 

$79,669 40 
12,201 27 

$67,468 13 
388,238 04 



Surplus over capital, 

Income. 

Cash received for fire premiums, . . $575,353 18 

Deduct reinsurance and return premiums, . 102,619 61 

Net cash received for fire premiums, . . 

Cash received for marine and inl'd prem's, $448,473 11 

Deduct reinsurance and return premiums, . 142,595 00 

Net cash rec'd for marine and inl'd prem's, 

Interest and dividends received from all sources, 



455,706 17 

$504,723 06 
400,000 00 

$104,723 06 



$472,733 57 



305,878 11 
32,548 98 



Gross cash income, 



$811,160 66 



318 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 

Cash paid for fire losses, .... $301,262 99 
Deduct salvage and reinsurance, . . 42,078 77 

Net cash paid for fire losses, . . . 

Cash paid for marine and inland losses, . $364,889 60 
Deduct salvage and reinsurance, . . 116,606 08 

Net cash paid for marine and inland losses, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, 

Risks and Premiums. 



8259,184 22 



248,283 52 

129,243 50 

30,675 79 

14,041 24 

63,939 77 

1745,368 04 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduet amount reinsured, . 

Net amount in force, 



Premiums. 

$65,002,619 00 $68l,5u7 64 
48,321,512 00 574,878 00 



$113,324,131 00 $1,256,445 64 
53,845,793 00 576,210 81 



559,478,338 00 $680,2;U 83 
4,093,495 00 52,523 85 



$55,384,843 00 $627,710 98 

$2,640,311 00 $126,017 57 
46,005,694 00 458,689 31 



$48,646,005 00 
45,655,897 00 



$584,706 88 
427,823 87 



52,990,108 00 $156,N53 01 
842,312 00 39,001 92 



$2,147,796 00 $117,881 09 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



111,386,380 85 

6,6 ( J6,014 21 

1,794,^63 39 

255,002 60 

208,350 18 

52,750 00 



1885.] 



INS. COS. OF OTHER STATES. 



319 



ROCHESTER GERMAN INSURANCE COMPANY, ROCHES- 
TER, N. Y. 

[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.] 

Paid-up Capital, $200,000. 

Frederick Cook, President. H. F. Atwood, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, 

Georgia State bonds, . 

Rochester city bonds, . 

Pullman Palace Car Company stock, 

German American Bank stock, . 



Par value. 

$100,000 00 
25,000 00 
20,000 00 
22,000 00 
10,000 00 



Market value. 

$118,468 75 
27,500 00 
26,000 00 
28,600 00 
10,800 00 



$177,000' 00 $211,368 75 



Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $738 00 

Loans on mortgage of real estate (first liens*), 294,635 00 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, 



7,003 84 

211,368 75 

354 68 

94,427 66 

1,342 98 

40,065 20 



Balance, 



$649,936 11 
78,181 25 

$571,754 86 



Liabilities. 

Losses claimed and reported, . . . $23,781 00 

disputed or resisted, . . , 1,248 00 

Unearned premiums on outstanding risks, . 282,681 74 

Commissions and brokerage, . . . 1,094 00 

Gross liabilities, except capital, . . $308,804 74 
Deduct liabilities on special deposits, . . 28,017 81 

280,786 93 

Surplus as regards policy-holders, , . . $290,967 93 
Paid-up capital, 200,000 00 

Surplus over capital, $90,967 93 



* Total value of property mortgaged, 



$872,170 00 



320 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums, . . $538,782 99 
Deduct reinsurance and return premiums, . 99,127 64 

Net cash received for lire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from profit and loss, 



Gross cash income, 



$439,655 35 

17,934 89 

8,586 74 

3,965 28 

$170,142 26 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees 
for State and local taxes, . 
fur incidentals, . 



$304,411 26 
15,019 04 



Gross cash expenditures, 



$289,392 22 
16,000 00 
99,771 59 
12,546 58 
13,508 93 
24,708 17 

$455,927 49 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 



$44,853,793 00 
44,834,858 00 



Premiums. 

$520,374 10 
529,061 24 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$89,688,651 00 $1,049,435 34 
42,087,027 00 502,657 85 



$47,601,624 00 $540,777 49 
545,637 00 5,503 50 



.$47,055,987 00 $541,273 99 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$3,305,306 00 

1,772,943 00 

215,000 00 

16,000 00 

277,118 00 

31,850 00 






1885.] 



INS. COS. OF OTHER STATES. 



321 



RUTGERS FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated October 3, 1853. Commenced business October 10, 1853.] 

Paid-up Capital, $200,000. 

Edward B. Fellows, President. Joseph F. Hanford, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, 

500 shares N. Y. Cent. & Hud. River R. R ,. 
600 " Dela., Lack, and Western R. R., 
2U0 " Delaware and Hudson Canal Co., 



Par value. 

$56,000 00 
6U,U0U 00 
25,000 00 
20,000 00 



Market value. 

$65,220 00 
53,125 00 
a 1,500 00 
19,4U0 00 



$151,000 00 $169,245 00 



Securities held as collateral for cash loans : — 

25 shares City Fire Insurance Co., N. Y., 

.SO ' 

50 ' 

10 ' 
25 

20 ' 

260 ' 

28 ' 

84 ' 



Market value. Loaned thereon. 



Phenix Insurance Co., N. Y., 
People's Insurance Co., N. Y., 
Stuyvesant Sale Dep. Co., N. Y. 
Knick'rbock'r Fire Ins. Co., N.Y. 
Manhattan Life Ins. Co., N. Y., 
North River Fire Ins. Co., N.Y. 
Citizens 1 National Bank, . 
Stuyvesant Fire Insurance Co., 



Chic, Mil. and St. Paul R. R. bonds, 



&2.1UU ou 
2,100 00 
2,650 Oi . 
1,000 00 

675 00 
4,500 00. 
6,630 0u 

770 00 
2,163 00 
2,330 00 



$-3,000 00 



5,000 00 

4,000 00 

500 00 

1,200 00 

2,000 00 

$24,918 00 $17,700 00 



Summary of Assets Dec. 81, 1885. 

Cash value of unencumbered real estate, . $82,400 00 
Loans on mortgage of real estate (first liens *), 120,200 00 

Interest accrued thereon, .... 1,260 00 

Stocks, bonds, etc , as per schedule, . . 169,245 00 

Loans on collateral security, as per schedule, 17,700 00 

Cash in the office of the company, . . 2,100 09 

deposited in bank, .... 7,706 46 

Interest due and accrued, .... 965 42 

Premiums in course of collection (net), . 832 42 

Rents due and accrued, . . . . 171 00 
Premiums more than 3 mos. due, $331 96 

Gross assets, 



$402,580 39 



* Value of lands mortgaged, . . . ■ . $153,100 00 
Value of buildings thereon, .... 146,700 00 
Amount of insurance held as collateral, . 98,600 00 



322 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 
Losses adjusted, unpaid, 

claimed and reported, 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, 
Due and accrued for rent, salaries, etc., 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$50 00 

3,392 50 

41,605 69 

10,000 00 

291 40 



Surplus over capital, 



$55,339 59 

. $347,240 80 
200,000 00 

. $147,240 80 



Income. 

Cash received for fire premiums, . . $82,509 70 
Deduct re-insurance and return premiums, 6,406 25 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, .... 

Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and re-insurance, 
Net cash paid for fire losses, ... — 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

for repairs on real estate, . 

Gross cash expenditures, .... 
Risks and Premiums. 



$76,103 45 
7,009 27 
8,094 62 
2,881 00 

$94,088 34 



$34,996 18 
369 11 



$34,627 07 

20,000 00 

13,530 95 

14,049 94 

5,962 57 

5,004 17 

504 02 

$93,678 72 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



Premiums. 

$12,114,311 00 $82,072 75 
12,148,477 00 82,585 05 



$24,262,788 00 $164,657 80 
12,104,517 00 80,316 13 



.2,158,271 00 $84,341 67 
187,062 00 1,153 44 



Net amount in force, 



. $11,971,209 00 $83,188 23 



1885.] 



INS. COS. OF OTHER STATES. 



323 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (15 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$2,667,034 58 

1,016,508 13 

922,000 00 

30,000 00 

36,855 42 

61,325 00 



SECURITY INSURANCE COMPANY, NEW HAVEN, CONN. 

[Incorporated April, 1841. Commenced business April, 1841.] 

Paid-up Capital, $200,000. 

Charles S. Leete, President. Herbert Mason, Secretary. 



Detailed Statement op Stocks, Bonds, etc. 

Par value. 

Tradesmen's Nat'l B'k, New Haven, stock, $3,200 00 

Second National Bank, New Haven, stock, . 15,500 00 

Merchants 1 Nat'l Bank, New Haven, stock, 10,550 00 
New Haven Nat'l B'k, New Haven, stock, . 9,100 00 

New Haven County Nat'l B'k, N. H., stock, 10,000 00 

Yale National Bank New Haven, stock, . 20,000 00 

American Exchange Nat'l B% N. Y., stock, 10,000 00 

Commerce National Bank, N. Y., stock, . 5,000 00 

N. Y., N H. and Hartford R. R. stock, . 10,000 00 
Shore Line (Conn.) Railroad stock, . . 7,700 00 

Chicago, Burl, and Quincy R. R. stock, . 11,000 00 

Chicago, R. I. and Pacific Railroad stock, . 10,000 00 

Housatonic (Preferred) Railroad stock, . 11,000 00 
New Haven Water Co. stock, . . . 7,850 00 

New Haven and Northampton R. R. bonds, 15,000 00 
Holyoke and YVestfield Railroad bonds, . 7,000 00 

Housatonic Railroad bonds, . . . 10,000 00 

Minn. & St. Louis R. R. (Iowa Div.) bonds, 4,000 00 

Chicago, Mil. and St Paul R. R. bonds, . 15,000 00 

Mahoning Coal Railroad bonds, . . . 10,000 00 
Chicago, Burl, and Northern R. R. bonds, . 444 00 

Jersey City city bonds, .... 7,000 00 



Market value. 
$1,864 00 
21,235 00 
12,132 50 
14,105 00 
13,000 00 
22,800 00 
12,800 00 

8,000 00 
20,000 00 
12,705 00 
15,125 00 
12,850 00 
13,200 00 
12,952 50 
16,^50 00 

7,630 00 
10,000 00 

4,800 00 
18,512 50 

9,950 00 
444 00 

7,300 00 



$209,344 00 $271,405 50 



Securities held as collateral for cash loans : — 

Northampton Railroad bonds, . 
Second National Bank, New Haven, stock, 
Tradesmen's Nat'l B'k, New Haven, stock, 
Fair Haven and Westville R. R. stock, 



Market value. Loaned thereon. 
$1,520 00 "1 
3,425 00 ' 



3,800 00 
3,000 00 



)■ $8,000 00 



324 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



New Haven Water Company stock, . 
City Bank, New Haven, stock, . 
Mechanics' Bank, New Haven, stock, 
Produce Exchange Bank, New York, stock, 
New York, N. H. and Hartford R. R. stock, 



Market value, 
$l,*15 00 

432 00 
5,17o 00 
1,616 00 



} 



Loaned thereon. 

$ 1,600 00 
7,000 00 
1,300 00 



$26,635 00 $17,900 00 



Summary of Assets Dec. 31, 1885. 

Loans on morfge of real estate (first liens*), $85,450 00 

Interest due or accrued thereon, . . . 438 56 

Stocks, bonds, etc., as per schedule, . . 271,405 50 

Loans on collateral security, as per schedule, 17,900 00 

Cash in the office of the company, . 96 89 

deposited in bank, .... 45,578 78 

Interest due and accrued, .... 974 50 

Premiums in course of collection (gross), . 23,591 53 

Notes taken for marine and inland risks, . 5,837 25 

Gross assets, 



$451,273 01 



Liabilities. 

Losses adjusted, unpaid, .... $3,850 67 

claimed and reported, . . . 15,580 32 

disputed or resisted, .... 3,529 37 

Total amount of losses, .... $22,960 36 

Less reinsurance, 500 00 

Net amount of unpaid losses, . . . $22,460 36 

Unearned premiums on outstanding risks, 155,769 65 

Commissions and brokerage, . . . 3,572 35 

Interest prepaid, 604 77 

Gross liabilities, except capital, . . 182,407 13 

Surplus as regards policy-holders, . . . $268,865 88 

Paid-up capital, . 200,000 00 

Surplus over capital, $68,865 88 

Income. 

Cash received for fire premiums, . . $298,353 77 

Deduct reinsurance and return premiums, . 42,181 96 

Net cash received for fire premiums, . . $256,671 81 

Cash received for marine and inl'd prem"s, $55,547 89 

Deduct reinsurance and return premiums, . 6,688 81 

Net cash ree'd for marine and inl'd prem's, 48,859 08 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$138,445 00 
85,190 00 
68,950 00 



1885.] 



INS. COS. OF OTHER STATES. 



325 



Interest received on mortgages, $3,449 68 

and dividends received from all other sources, . 14,270 28 

Income from old accounts, 340 84 

Gross cash income, $323,591 69 



Expenditures. 
Cash paid for fire losses, .... $163,879 92 
Deduct salvage and reinsurance, . . 6,189 23 

Net cash paid for fire losses, . . . 

Cash paid for marine and inland losses, . $38,246 44 
Deduct salvage and reinsurance, . . 3,173 16 

Net cash paid for marine and inland losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

Gross cash expenditures, .... 



$157,690 69 



35,073 28 
14,000 00 
52,528 51 
21,209 58 
2,519 82 

$283,021 88 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 

Total, . . . " . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 

Marine risks outstanding Dec. 31, 1884, 
written during 1885, . 



.$18,002,295 00 
. 34,645,953 00 

.$52,648,248 00 
. 31,147,107 00 

.$21,501,141 00 
933,546 00 



Premiums. 

$215,939 71 
299,331 68 

$515,271 39 
243,994 26 

$271,277 13 
10,233 09 



.$20,567,595 00 $261,044 04 



$705,949 00 
4,551,296 00 



Total, $5,257,245 00 

Deduct risks expired and terminated, . . 4,629,888 00 



$19,966 67 

58,931 12 

$78,897 79 

52,408 99 



In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



$627,357 00 
70,312 00 



$26,488 80 
3,242 47 



$557,045 00 $23,246 33 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (7 per cent.), 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



$4,090,441 21 

2,888,102 43 

310,281 00 

14,000 00 

158,354 17 

34,874 87 

34,250 00 



326 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



SPRING GARDEN INSURANCE COMPANY, PHILADEL- 
PHIA, PENN. 

[Incorporated April 28, 1835. Commenced biiBiness Aug. 29, 1835.] 

Paid-up Capital, $400,000. 

Nelson F. Evans, President. Jacob E. Peterson, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. 

United States bonds, $ 3<),000 00 

Cincinnati city bonds, 20,000 00 

St. Joseph city bonds 20,000 00 

Kansas City Water Works bonds, . . 10,00 ) 00 

No. Pennsylvania Railroad bonds, . . 30,000 00 

Philadelphia and Reading Railroad bonds, 50,000 00 

Pitts., Cin. and St. Louis Railroad bonds, . 30,000 00 

Delaware and Bound Brook R. R. bonds, . 20,000 00 

Pennsylvania Railroad bonds, . . . 10,000 00 

Lehigh Valley Railroad bonds, . . . 20,000 00 

Texas and Pacific Railroad bonds, . . 20,000 00 

New Orleans Pacific Railroad bonds, . . 20,000 00 

People's Passenger Railway Co. bonds, . 10,000 00 

Lehigh Coal and Navigation Co. bonds, . 20,000 00 
American Steamship Company bonds, . 5,000 00 

New York and West Shore R. R. bonds, . 10,000 00 

Terra Haute and Logansport R. R. bonds, . 20,000 00 

Cleve., Col., Cincinnati and Ind. R.R. bonds, 10,000 00 

New York, Phila. and Norfolk R. R. bonds, 10,000 00 

Jacksonville Southeastern Railroad bonds, 20,000 00 

100 shares Manufacturers 1 National Bank, . 10,000 00 

314 " Penn National Bank, . . . 15,700 00 
100 " Commercial National Bank, . 5,000 00 



Market value. 

$37,050 00 
26,200 00 
20,500 00 
10,300 00 
38,425 00 
48,150 00 
36,675 00 
26,500 00 
12,200 00 
26,100 00 
13,800 00 
11,300 00 
11,300 00 
25,450 00 
5,500 00 
5,200 00 
21,000 00 
10,350 00 
10,600 00 
18,6<'0 00 
11,000 00 
22,922 00 
6,000 00 



$415,700 00 $455,122 00 



Securities held as collateral for cash loans : — 



100 shares Insurance Co. of No. America 
110 " Central National Bank, . 
45 " Atch., Topeka & Santa Fe R R 

2200 " Hero Fruit Jar Company, 
80 " Swift Refrigerator Trans. Co., 

United States bonds, .... 

Jacksonville Southeastern Railroad bonds 

Easton and Amboy Railroad bonds, . 

Northern Pacific Railroad bonds, 

United States bonds, .... 

Maine Central Railroad bonds, . 

Philadelphia and Reading Railroad bonds 



Market value. 

$3,400 00 

33,000 00 

3,825 00 

220,000 00 

8,000 00 

73,160 00 

9,300 00 

1,110 00 

2,200 00 

496 00 

484 00 

3,900 00 



Loaned thereon. 

$2,000 00 
25,000 00 

2,t300 00 
50,000 00 

3,000 00 
63,000 00 

9,000 00 

1,100 00 

800 00 

3,000 00 



$358,875 00 $159,500 00 



1885.] 



INS. COS. OF OTHER STATES. 



327 



Summary of Assets Dec. 31, 1885. 



Cash value of unencumbered real estate, . 


$231,800 00 






Loans on mortgage of real estate (first liens*), 


299,130 00 






Interest due or accrued thereon, 


6,537 40 






Stocks, bonds, etc , as per schedule, . 


455,122 00 






Loans on collateral security, as per schedule, 


159,500 00 






Cash in the office of the company, 


. 4,114 51 






deposited in bank, .... 


61,802 59 






Interest due and accrued, .... 


430 30 






Premiums in course of collection (gross), . 


3,673 08 






Rents due and accrued, .... 


475 79 






Prems. more than 3 mos. due, . $405 30 








Gross assets, . ... 

• 

Liabilities. 




ft1 999 fjS5 K7 




'fl> l i— £• it fJOO 




Losses adjusted, unpaid, .... 


$4,924 78 






claimed and reported, 


4,537 76 






Total amount of losses, .... 


$9,462 54 




Less reinsurance, 


711 58 






Net amount of unpaid losses, 


$8,750 96 




Unearned premiums on outstanding risks, . 


77,964 08 






Reclaimable on perpetual fire policies, 


346,621 16 






Due and accrued for rent, salaries, etc., 


366 78 






State and local taxes, 


300 00 






Commissions and brokerage, 


247 67 






Gross liabilities, except capital, . 




434,250 


65 




Surplus as regards policy-holders, 


$788,335 02 






400,000 


00 


Surplus over capital, 


$388,335 


02 



Income. 

Cash received for fire premiums, . . $158,082 01 
Deduct reinsurance und return premiums, . 24,622 56 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents and incidentals, 



Deposits received for perpetual fire risks, 
Gross cash income, 



$22,442 52 



$133,459 45 
16,337 65 
31,174 42 
15,818 12 



$196,789 64 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$482,500 00 
275,100 00 



328 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 
Cash paid for fire losses, .... $50,720 65 
Deduct salvage and reinsurance, . . 103 91 

Net cash paid for fire losses, . . . 

Cash dividends paid, .... 

paid for commissions and brokerage, 

for salaries of officers and employees 

for State and local taxes, . 

for repairs on real estate, . 

for incidentals, 
Deposits returned on perpetual fire risks, . $16,838 50 

Gross cash expenditures, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



.811,556,910 00 
. 15,634,228 00 



.$27,191,138 00 
. 13,276,456 00 

.$13,914,682 00 
382,563 00 



$50,622 74 
64,000 00 

23,058 15 
20,085 58 

11,584 37 
2,678 91 
3,305 39 

$175,335 14 



Premiums. 

$118.1*77 78 
158,356 05 

$277,333 83 
123,943 77 

$153,390 06 
3,483 02 



.$13,532,119 00 $149,907 04 



Perpetuals in force (not included above), .$15,615,132 00 $379,579 06 



Miscellaneous. 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (16 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$1,856,282 00 

1,089,215 00 

64,000 00 

57,950 00 

200,000 00 



STANDARD FIRE INSURANCE COMPANY, NEW YORK, X. Y 

[Incorporated March 26, 1859. Commenced business March 29, 1859.] 

Paid-up Capital, $200,000. 

W. M. St. John, President. R. H. Myers, Secretary 

Detailed Statement of Stocks, Bonds, etc. 

Par value. 

United States bonds, $210,000 00 

Chic, Burl, and Quincy Railroad bonds, . 4",0i.)<) 00 

New York, Chic, and St. Louis R. R. bonds, 1U,UU0 00 

X. Y. Cent, and Hud. River R R. stock, . SO.OuO 



Market value. 
-.562 50 

4*, 4 66 67 

y,i5u ou 
31.- 



$290,000 00 $j41,979 17 



1885.] 



INS. COS. OF OTHER STATES. 



329 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) , 
Interest accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, 

Gross assetsf, .... 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc , 
State and local taxes, .... 
Commissions and brokerage, 
Return premiums, .... 
Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



31, 188.". 

$11,000 00 

8,0i >0 00 

40 00 

311,07!) 17 

5,052 18 

11,593 48 

3,383 33 

11,028 40 

32 00 



$2,685 83 

8,517 0-} 

53,184 80 

400 00 

361 92 

1,679 88 

672 81 



$393,003 65 



67,505 33 






Surplus over capital, 

Income. 

Cash received for fire premiums, . . $116,310 42 

Deduct reinsurance and return premiums, . 18,858 34 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 

Gross cash income, 



$325,503 32 
200,000 00 

$125,503 32 



$97,458 08 

546 57 

11,932 72 

1,192 00 

$111,129 37 



Expenditures. 

Cash paid for fire losses, $ 

Deduct salvage and reinsurance, . 

Net cash paid for fire losses, — 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 



54,077 76 
3,056 48 



$61,021 28 

14,000 00 

14,652 13 

13,641 66 

3,111 44 

7,362 68 

1113,789 19 



* Value of lauds mortgaged, $5,000 00 

Value of buildings thereon, .... 11,00000 
Amount of insurance held as collateral, . . 8,000 00 

f Including $78,000 Special Reserve Fund held under New York law. 



330 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 

Prr-miunu. 

Fire risks outstanding Dec. 31, 1884, . .$13,687,267 00 $107,789 18 



written during 1885, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



16,667,1.06 00 112,008 91 



$30,354,423 00 

16,194,416 00 

$14,160,007 00 

1,052,449 00 



$220,698 09 
110,886 66 

$109,811 43 
7,908 27 



.$13,107,558 00 $101,903 16 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (7 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$2,810,950 85 

1,663,328 30 

539,020 00 

14,000 00 

62,886 46 

38,800 00 



STERLING FIRE INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated Jan. 18, 1864. Commenced business Jan. 18, 1S64 ] 

Paid-up Capital, $350,000. 

Andrew L. Soulard, President. Louis P. Bayard, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 
District of Columbia bonds, 
New York City bonds, 



Par value. 

$20,000 00 

90,000 00 

250,000 00 



Market value. 

$21,575 00 
105,300 00 
255,000 00 



$360,000 00 $381,875 00 



Summary of Assets Dec. 31, 1885. 
Loans on mortgage of real estate (first liens*), § 47,000 00 

Interest due or accrued thereon, . . 251 25 

Stocks, bonds, etc , as per schedule, . . 381,875 00 

Cash in the office of the company, . . 4,084 87 

deposited in bank, .... 5,592 78 

Premiums in course of collection (gross), . 20,563 87 

Gross assets, $459,367 77 



* Value of lands mortgaged, . . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$64,500 00 
43,000 00 
36,230 00 



1885.] 



INS. COS. OF OTHER STATES. 

Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 

Total amount of losses, 

Less reinsurance, ..... 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Commissions and brokerage, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



Surplus over capital, 



$3,645 99 
4,782 00 



1,815 83 



$6,582 16 

84,112 22 

3,196 74 



331 



$93,891 12 

$365,476 65 
350,000 00 



$15,476 65 



$166,643 07 
19,520 65 



Income. 

Cash received for fire premiums, 

Deduct reinsurance and return premiums, . 

Net cash received for tire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 

Gross cash income, 



$147,122 42 

2,445 00 

11,100 84 

$160,668 26 






Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, — 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, .... 



$95,512 45 
12,261 07 



,251 38 

1,000 00 

30,804 02 

18,600 00 

3,159 26 

14,270 82 

$151,085 48 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . . $16,683,984 00 $141,008 13 
written during 1885, . . . 19,377,051 00 168,568 02 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



$36,061,035 00 $309,576 15 
16,638,918 00 132,760 35 



$19,422,117 00 $176,815 80 
1,512,509 00 14,829 27 



Net amount in force, . 



.$17,909,608 00 $161,986 53 



332 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



$1,580,941 00 

771,019 00 

275,000 00 

78,384 00 

£0,400 00 



ST. PAUL FIRE AND MARINE INSURANCE COMPANY, 

ST. PAUL, MINN. 

[Incorporated May, 1865. Commenced business May, I860.] 

Paid-cp Capital, $500,000. 

C. H. Bigelow, President. C. B. Gilbert, Secretary. 



Detailed Statement of Stocks 



320 shares First Nan Bank, St. Paul, 

270 

100 

60 

20 

25 

30 

50 

22 



Merchants' Nat'l B'k, St. Paul, 
Bank of Minnesota, St. Paul, 
St. Paul Nat'l Bank, St. Paul, 
First Nat'l Bank, Alexandria, 
St Paul Trust Co., St. Paul, 
First Nat'l Bank, St. Peter, 
First Natl Bank, Glencoe, 
St Paul and S. C. R. R. Co., 
St. Paul and S. C. R. R. Co. bonds, . 
385 shares St. Paul Warehouse and El. Co. 
St. Paul Warehouse and El. Co. bonds, 
City of Minneapolis bonds, . 
St. Paul bonds, 
Stillwater bonds, 
Mankato bonds, 
Town of Detroit bonds, 

Sauk Center bonds, 
Vernon Center bonds, 
Village of Detroit bonds, . 
Town of Jo. Daviess bonds, 
Elmore bonds, 
Garden City bonds, 
Winnebago City bonds 
Pilot Grove bonds, 
Oakwood bonds, . 



, Bonds, etc. 

Par value. 

$32 000 00 

27,000 00 

10,000 00 

6,000 00 

2,000 00 

3,600 00 

3,000 00 

5,000 00 

2.200 00 

10,216 32 

19 250 00 

10,00) 00 

1.500 00 

60,000 00 

10,000 00 

8 500 00 

1.833 00 

3. 00O 00 

7.500 00 

700 00 

5.500 00 

6,500 00 

7.000 00 

15.000 00 

5 000 00 

7,500 00 



Market value. 

?52,800 00 

41.850 00 

12,500 00 

6,300 00 

2.140 00 

3.600 00 

3,750 00 

5.000 00 

1,500 00 

11.716 32 

.0 00 

10,000 00 

1,575 00 

02,400 00 

10.5<»0 00 

8,500 00 

1.924 65 

3,587 50 

7,500 00 

700 00 

5.5"0 00 

6 500 00 

7,000 00 

15,0 00 

5,000 00 

7,500 00 






1885.] 



INS. COS. OF OTHER STATES. 



333 



Town of Blue Earth City bonds, 
Granite Falls bonds, 

County of Pine bonds, 
Rock bonds, 
Custer bonds, 
Ramsey bonds, 
Dawson bonds, 
Barnes, D. T., bonds, 
Grand Forks, D. T., bonds, 
Grant school district bonds, 
Yellow Medicine sch 1 ! dist. b'ds 
iarnes and Cass joint sch'l dist 
Carver school district bonds, 
Griggs, D. T.. school dist, bonds 
Jerauld, D. T., sch'l dist. bonds 
Cass, D. T., sch'l dist. bonds, 

I Jerauld school district bonds, 

Barnes, D T., sch'l dist. bonds, 



b'ds, 



Tar value. 

$36,0u0 00 

1,500 00 

4.500 00 

24,000 00 

50,500 00 

1,000 00 

1,500 00 

30,000 00 

4,00a 00 

4,000 00 

500 00 

9,000 00 

6,000 00 

500 00 

2,400 00 

1,500 00 

5,500 00 

12,069 49 

13 00 



Market value. 

$36,000 00 

1,500 00 

4.950 00 

27,600 00 

49,490 00 

1,100 00 

1,500 00 

31,200 00 

4,200 00 

4,000 00 

500 00 

9,000 00 

6,000 00 

500 00 

2,400 00 

1,500 00 

5,500 00 

12,069 49 

13 00 



$464,781 81 $512,615 96 



Securities held as collateral for cash loans : — 

Market value 

200 shares First Nat 1 l Bank, St. Paul, 



85 " Second Nat'l Bank, St. Paul, . 
250 " Merchants' Nat'l B'k, St. Paul, . 
220 " St. Paul Bank, St. Paul, . 
72 " Savings Bank, St. Paul, . 
650 " Bank of Minnesota, St. Paul, . 
25 " Union Nat'l Bank, Minneapolis, 
68 " St. Paul and S. C. R. R. Co., . 
967 M St. Paul and S. C. R. R. Co., . 
400 " Island Power Co., Minneapolis, 
400 " Pioneer Press Co., St. Paul, 
200 " St. Paul Harvester Co., . 
St. Paul Harvester Works bonds, 
100 shares Montana Nat'l Bank of Helena, 
10 " Nat'l Bank of Com of Minneapolis, 
25 u Lake Superior Elevator Co., 
240 " No. Star Iron W'ks of Minneapolis, 
Lake Co., Colorado, bonds, .... 
7 shares First Nat'l B'k,Glencoe, Minn., 
1000 " Tacoma Coal Co., W. T., 



89i 



St. Paul Manufacturing Co., 



$33,000 00 
17,000 00 
38,750 00 
23,100 00 

7,200 00 
81,250 00 

2,500 00 

5,340 00 
67,690 00 
30,000 00 
20,000 00 
20,000 00 

3,9.)0 00 
12,500 00 

1,000 00 

1,562 50 
18,000 00 

2,625 00 

700 00 

15,000 00 

4,475 00 



Loaned thereon. 

$25,000 00 
12,000 00 
25,000 00 
15,760 00 

5,800 00 
53,500 00 

2,000 00 

2,800 00 
35,545 13 
15,000 00 
10,000 00 
10,000 00 

3,108 22 

10,000 00 

850 00 

1,200 00 
10,000 00 

1,500 00 
500 00 

9,000 00 

2,195 56 



$405,592 50 $250,758 91 



334 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Summary of Assets Dec. 31, 1885.* 

Cash value of unencumbered real estate, . $101,264 56 
Loans on mortgage of real estate (first liensf) , 207,866 72 

Interest due or accrued thereon, . . 6,114 53 

Stocks, bonds, etc., as per schedule, . . 512,615 96 

Loans on collateral security as per schedule, 25j,758 91 

Cash in the office of the company, . . 4,252 99 

deposited in bank, .... 76,3<j2 43 

Interest due and accrued, .... 16,161 46 

Premiums in course of collection (net), . 68,795 56 

Notes taken for marine and inland risks, . 16,833 21 

Rents due and accrued, .... 863 U0 

Gross assets, $1,2G1 ; 829 33 

Liabilities. 

Losses adjusted, unpaid, .... $9,174 10 

claimed and reported, . . . 26,825 08 

disputed or resisted, . . . 7,924 42 

Unearned premiums on outstanding risks, 425,993 87 

Gross liabilities, except capital, . . 469,917 47 



Surplus as regards policy-holders, . . . $791.91186 
Paid-up capital, 5 10,000 00 



Surplus over capital, $291,911 86 

Income. 

Cash received for fire premiums, . . $745,482 37 
Deduct reinsurance and return premiums, 139,040 31 

Net cash received for fire premiums, . . $C03.442 06 

Cash received for marine and inl'd prem's, $71,221 22 
Deduct reinsurance and return premiums,. 1,397 64 

Net cash rec'd for marine and inl'd prem's, 69,823 58 

Interest received on mortgages, 13,' 38 46 

and dividends received from all other sources, . 59,187 68 
Income from rents, 7,172 19 



Gross cash income, $755,663 97 

Expenditures. 

Cash paid for fire losses, .... $402,517 76 

Deduct salvage and reinsurance, . . 33,953 04 

Net cash paid for fire losses, . . . $368,564 72 

* The company holds, also, instalment premium notes to the amount of $2:38,939.43 which 
do not enter into nor form any part of the assets of the company, as no portion of them is 
earned. Whatever value might be attached to them would necessarily be counterbalanced by 
the addition of an exactly equal amount to the reinsurance liability, the entire sum consisting 
of " unearned premiums." 

f Value of lands mortgaged, $2S3,100 

Value of buildings thereon 239,000 

Amount of insurance held as collateral, . . 191,200 



1885.] 



INS. COS. OF OTHER STATES. 



335 



Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, — 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals 



,422 92 
310 57 



Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1884, 
written during 1885, 



Total, . . . . 
Deduct risks expired and terminated, 

In force at end of year, 



$44,350,495 00 
45,370,274 00 



$89,720,769 00 
26,642,763 00 



>,112 35 

50,000 00 
109.994 01 
37,888 60 
10,631 28 
44,344 78 

$670,535 74 

Premiums. 

$646,373 97 
758,7o8 38 

H,405,<)82 35 
561,748 43 



$63,078,006 00 
5,327,409 00 



$843,333 92 
60,568 23 



$57,750,597 00 $782,765 69 



$262,100 00 

6,041,167 00 

$6,303,267 00 

5,876,010 00 



$18,660 00 
72.989 11 



,649 11 
71,005 57 



$427,257 00 $20,643 54 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, 



57,515,450 00 

4,992.287 00 

716,696 00 

50,000 00 

360,920 00 

54,628 00 

205,100 00 



TRADERS' INSURANCE COMPANY, CHICAGO, ILL. 

[Incorporated February, 1865. Commenced business May, 1872.] 

Paid-up Capital, $500,000. 

E. Buckingham, President. R. J. Smith, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Chicago and Northwestern R. R. bonds, 
Chicago, Burl, and Quincy R. R. bonds, 



Par value. 

$350,000 00 
50,000 00 
50,000 00 



Market value. 

$131,000 00 
61,000 00 
49,500 00 



336 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 







Par value. 


Market value. 


Chicago, St. Louis and X. 0. R. R. bonds, . 


|2U,< 


00 


$22,200 00 


Chicago City Railway bonds, 


20,< 1 


00 


20,000 00 


Chicago Board of Trade bonds, . 




20,< 


00 


20,800 00 


Cook County bonds, .... 




25,000 




Chicago city bonds, 




11,000 00 


13,165 00 


Evanston Water Loan bonds, 




16,000 


00 


17,280 00 


Lincoln Park bonds, 




5,000 


00 


6,350 00 


National Bank of America stock, 




6,50) 00 


9,100 00 


Chicago City Railway stock, 




60,000 00 


168,000 00 


Chicago Western Division Railway stock, . 


1<»,400 


00 


44,720 00 


Chicago and Northwestern Railway stock, 


50,000 00 


61,500 00 


Chicago, Burl, and Quincy R. R. stock, 


15,000 0J 


20,550 00 


Chicago, Rock Island and Pac. R. R. stock, 


15,000 00 


19,125 00 


Chicago and Alton Railroad stock, 


10,000 


oo 


14,000 00 




?733,9oO 00 $1,011,792 50 


Summary of Assets Dec. 


31, 1885. 






Cash value of unencumbered real estate, . 


$12,195 


98 




Loans on mortgage of real estate (firstliens*), 


90,000 


00 




Interest accrued thereon, .... 


102 


50 




Stocks, bonds, etc , as per schedule, . 


1,011,792 


50 




Cash in the office of the company, 


457 


so 




deposited in bank, .... 


53,169 


58 




Interest due and accrued, .... 


1,462 


50 




Premiums in course of collection (gross), . 


29,762 


19 




Due from other companies, 


29,342 


-7 




Gross assets, 






$1,228,345 42 






Liabilities. 








Losses adjusted, unpaid, .... 


$13,380 


51 




claimed and reported, 


51,083 


73 




disputed or resisted, 


13,310 


18 




Total amount of losses, .... 


$77,774 


42 




Less reinsurance, 


5,135 


62 




Net amount of unpaid losses, 


$72,6S8 


80 




Unearned premiums on outstanding risks, . 


264,516 


52 




Commissions and brokerage, 


4,498 08 




Miscellaneous, 


26,789 


24 




Gross liabilities, except capital, . 






368,442 64 






Surplus as regards policy-holders, 


8859,902 78 




• • 


. 


500,000 00 


Surplus over capital, 


8359,902 78 






Value of buildings thereon, 


50,000 00 


Amount of insurance held as 


collateral 


, . . 45,000 00 



1885.] 



INS. COS. OF OTHER STATES. 



337 



Income. 

Cash received for fire premiums, . . $643,442 82 
Deduct reinsurance and return premiums, . 165,751 83 

Net cash received for fire premiums, . . 

Cash received for marine and inland premiums, 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, 



$477,690 99 

4,167 51 

2,250 00 

41,623 69 

2,402 25 

$528,134 44 



Expenditures. 

Cash paid for fire losses, .... $387,881 95 
Deduct salvage and reinsurance, . . 60,560 31 

Net cash paid for fire losses, 
Cash paid for marine and inland losses, 
dividends paid, .... 
paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 



$327,321 64 

122 99 

50,000 00 

78,696 98 

34,588 34 

20,846 32 

14,002 78 

$525,579 05 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 

Marine risks written during 1885, 
Deduct risks expired and terminated, 



$35,703,362 00 
45,328,120 00 



Premiums. 

$498,127 16 
644,702. 27 



$81,031,482 00 fl,142,829 43 
42,402,729 00 557,269 35 



$38,628,753 00 $585,560 08 
3,619,962 00 67,085 35 



$35,008,791 00 $518,474 73 



11,111,986 00 
1,111,986 00 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



54,167 51 
4,167 51 



55,043,458 56 

2,964,527 37 

672,500 00 

50,000 00 

336,403 07 

122 99 

85,300 00 



338 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



UNION INSURANCE COMPANY, PHILADELPHIA, PENN. 

[Incorporated Feb. 6, 1804. Commenced business July 25, 1803.] 

Paid-up Capital, §375,000. 

W. S. Hassall, President. John M. Cowbll, Secretary. 



Detailed Statement of Stocks 



Chesapeake and Delaware Canal Co. bonds, 
Schuylkill Navigation Company bonds, 
Pennsylvania Canal Company bonds, 
North Pennsylvania Railroad bonds, . 
Baltimore and Ohio Railroad bonds, . 
Steubenville and Indiana Railroad bonds, 
Philadelphia and Reading Railroad bonds 
Perkiomen Railroad bonds, 
Susquehanna Coal Company bonds, . 
American Steamship Company bonds, 
Pittsburg Water Loan bonds, 
United States bonds, .... 
New York and Pacific Car Trust bonds, 
Pennsylvania Car Trust bonds, . 
New York Car Trust bonds, 
New York and Pacific Car Trust bonds, 
Guar. Car Trust Assoc. Cent. R.R. N. J. b\ls, 
St. Louis and Iron Mountain Car Trust b'ds, 
100 shares Little Schuylkill Railroad, . 
714 " Pennsylvania Railroad, 
136 " North Pennsylvania Railroad, . 
48 " Delaware Railroad, . 
525 " Harris., Ports. & Mt. Joy & Lan. R.R 
68 " Philadelphia National Bank, 
88 " Farmers' and Mech. Nat'l Bank, 
88 " Delaware Mut. Safety Ins. Co., . 



, Bonds, etc. 

Par value. 

$14,610 00 

10,000 00 

15,000 00 

4,500 00 

25,000 00 

15,«,00 00 

25,000 00 

13,000 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

13,000 00 

14,000 00 

36,000 00 

32,000 00 

6,000 00 

3,000 00 

5,000 00 

35,700 00 

6,800 00 

1,200 00 

, 26,250 00 

6,800 00 

8,800 00 

2,200 00 



Market value. 

$13,149 00 
50 00 

13,500 
5,670 00 
30,375 00 
16,350 00 
27,500 
12,090 00 
11,700 00 

12,80 I 
11,250 00 
13,000 00 
14,140 

30,000 00 
32,000 
6,000 00 
3,000 00 
5,550 00 
38,913 00 
9,4.5. 
1,44 
41,343 75 
14,620 00 
12,406 00 
4,4- 1 



$353,860 00 $398,922 75 



Securities held as collateral for cash loans : — 



Market value. Loaned thereon. 



Judgment note, 

50 shares Pennsylvania Railroad, 

17 " Spring Garden Bank, . 

32 " Bethlehem Iron Company, . 

29 " Empire Transportation Company, 

Lee County (Iowa) bonds, .... 

Northern Pacific Railroad dividend scrip, . 

12 shares Lehigh Valley Railroad, 

Loan of G. C. Im. Order Red Men of Penn , 

Cert, of Membership N. Y. Produce Ex., . 



$1,907 26 
2,725 00 

1,989 00 

2,240 00 

2,175 00 

1,300 00 

35 00 

684 00 

800 00 

3,500 00 



} 



$953 63 
2,5o 
1,300 00 
> 00 
1,320 00 
1,300 00 

1,30 
1,300 00 



$21,205 26 



73 63 



1885.] 



INS. COS. OF OTHER STATES. 



339 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $187,000 00 
Loans on mortgage of real estate (first liens*), 9,500 00 

Interest due or accrued thereon, . . . 237 50 

Stocks, bonds, etc., as per schedule, . . 398,922 75 

Loans on collateral security, as per schedule, 13,873 63 

Cash in the office of the company, . . 2,129 18 

deposited in bank, .... 33,513 60 

Interest due and accrued, .... 1,952 78 

Premiums in course of collection (gross), . 119,052 99 

Notes taken for marine and inland risks, . 14,524 56 

Rents due and accrued, .... 375 01 

Due for reinsurance, 2,974 85 

Gross assets, 



$784,056 85 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 
Less reinsurance, .... 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, 
Due for borrowed money, . 
Commissions and brokerage, 

Gross liabilities, except capital, 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, 



M 5,243 76 
51,055 79 
19,336 C6 

585,636 21 
24,795 50 



),840 71 

192,992 03 

35,366 48 

2,343 66 

95,000 00 

13,211 60 



399,754 48 

$384,302 37 
375,000 00 



),302 37 



Income. 

Cash received for fire premiums, . . $324,037 73 
Deduct reinsurance and return premiums, . 84,910 46 

Net cash received for fire premiums, . . 

Cash received for marine and inl'd prem's, $328,449 95 
Deduct reinsurance and return premiums, . 166,013 65 

Net cash received for marine and inPd prem's, 

Interest and dividends received from all sources, 

Income from rents, 

Deposits received for perpetual fire risks, . $1,044 70 

Gross cash income, 



$239,127 27 

162,436 30 

24,156 84 
9,093 56 

$134,813 97 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$16,500 00 
7,000 00 



340 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



$175,991 30 
14,847 26 

$318,981 58 
125,227 31 



Expenditures. 
Cash paid for fire losses, 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 
Cash paid for marine and inland losses, 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for interest on borrowed money, 

for incidentals, 

Deposits returned on perpetual fire risks, . $1,165 45 

Gross cash expenditures, 



$161,144 04 

193,754 27 

136 67 

91,720 18 

32,479 88 

15,509 83 

4,158 13 

63,793 66 

$562,696 66 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

. $36,723,490 00 $453,333 66 
. 28,763,726 00 313,997 80 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



.$65,487,216 00 $767,331 46 
. 34,053,445 00 396,097 54 



.$31,433,771 00 $371,233 92 
. 3,491,287 00 42,738 74 



. $27,942,484 00 $328,495 18 



Perpetuals in force (not included above), . $1,241,675 00 $39,296 09 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$1,071,030 00 

50,360,326 00 

>5 1,43 1,356 00 

50,608,006 00 

$823,350 00 

262,414 00 



$57,061 60 
333,492 14 

$390,553 74 
360,155 40 

$30,398 34 
4,250 47 



$560,936 00 $26,147 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Fire losses incurred during the year, .... 
Marine and inland osses incurred during the year, . 
Company's stock owned by directors, .... 



$18,507,644 00 

13,505,777 00 

1,860,331 00 

141,268 00 

238,473 00 

40,720 00 



1885.] INS. COS. OF OTHER STATES. 341 



UNION INSURANCE COMPAY, SAN FRANCISCO, CAL. 

[Incorporated April 28, 1865. Commenced business June 20, 1865.] 
Paid-up Capital, $750,000. 
Gustave Touchard, President. Jas. D. Bailey, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $500,000 00 $615,000 00 

Oakland City bonds, 8,000 00 10,000 00 

Alameda town bonds, 10,000 00 11,000 00 

Montgomery Avenue (San Fran.) bonds, . 120,000 00 36,000 00 

$638,000 00 $672,000 00 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

Ill shares Spring Valley Waterworks, . $10,656 00^1 

400 " Presidio and Ferries Railroad, . 18,400 00 ! *o- aaa qa 

125 " San Francisco Gas Light Co., . 6,875 00 { 

60 •• Bank of California, . . . 9,900 00 j 



$45,831 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $110,000 00 

Loans on mort'ge of real estate (first liens*), 203,699 47 

Interest due or accrued thereon, . . . 1,200 00 

Stocks, bonds, etc., as per schedule, . . 672,000 00 

Loans on collateral security, as per schedule, 35,000 00 

Cash in the office of the company, . . 20,290 07 

deposited in - bank, .... 42,999 12 

Premiums in course of collection (net), . 29,164 70 

Notes taken for marine and inland risks, . 11,610 80 

Gross assets, $1,125,964 16 

Deduct special deposit in Oregon, j 50,000 00 

Balance, . $1,075,964 16 

Liabilities. 

Losses adjusted, unpaid, . . . $8,026 29 

claimed and reported, . . . 16,494 00 

disputed or resisted, .... 4,000 00 

Unearned premiums on outstanding risks, . 226,891 57 

* Value of lands mortgaged, . ' . . . $307,000 00 

Value of buildings thereon 228,000 00 

Amount of insurance held as collateral, . . 140,950 00 



342 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Unused balances of premium notes, . . $2,246 23 

Dividends to stockholders unpaid, . . 582 00 

Gross liabilities, except capital, . . $258,240 09 

Deduct liability on special deposit, . . 8,360 00 

Surplus as regards policy-holders, 



8249,880 09 
$826,084 07 



Paid-up capital, 750,000 00 

Surplus over capital, 



$76,084 07 



Income. 

Cash received for fire premiums, . . . $384,429 61 
Deduct reinsurance and return premiums, . 39,113 36 

Net cash received for fire premiums, . . 

Cash rec'd for marine and inl'd premiums, $109,153 65 
Deduct reinsurance and return premiums, . 22,983 47 

Net cash rec'd for marine and inl'd prem's, 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 



Gross cash income, 

Expenditures. 
Cash paid for fire losses, .... $163,959 08 
Deduct salvage and reinsurance, . . 3,972 21 

Net cash paid for fire losses, . . . 

Cash paid for marine and inland losses, . $73,504 36 
Deduct salvage and reinsurance, . . 4,602 46 

Net cash paid formaline and inland losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, .... 
for incidentals, 

Gross cash expenditures, 



$345,316 25 



86,170 18 

13,835 09 

23,119 15 

8,902 00 

$477,342 67 



$159,986 87 



68,901 90 
59,628 00 
84,358 44 
41,598 83 
12,235 91 
34,734 71 

$461,444 66 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, 



Risks and Premiums. 

Premiums. 

.$26,582,929 00 $359,658 56 
. 31,240,027 00 390,234 48 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



. $57,822,956 00 $749,893 04 
. 27,302,700 00 339,285 32 



.$30,520,256 00 $410,607 72 
795,458 00 10,666 50 



. $29,724,798 CO $399,941 9 



1885.] 



INS. COS. OF OTHER STATES. 



343 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Premiums. 

$956,492 00 $37,513 30 
9,472,571 00 112,355 55 



$10,429,063 00 $149,868 85 
9,493,387 00 107,906 40 



$935,676 00 
127,040 00 



$41,962 45 
4,713 75 



$808,636 00 $37,248 70 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



$7,629,514 35 

4,094,799 28 

2,107,500 00 

60,000 00 

138,933 70 

68,641 38 

259,000 00 



UNITED FIREMEN'S INSURANCE COMPANY, PHILA- 
DELPHIA, PENN. 

[Incorporated April 2, 1860. Commenced business April 1, 1861.] 

Paid-up Capital, $300,000. 

Joseph L. Caven, President. Robt. B. Beath, Secretary. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, .... 

Philadelphia city bonds, 

Pittsburgh street improvement bonds, 

Northern Central Railroad bonds, 

Chicago and Western Ind. Railroad bonds 

Bellefont, Nit. and Lem. Railroad bonds, 

Iron Mountain Car Trust bonds, 

N. Y., Chic, and St. Louis Car Trust bonds 

Colorado Rolling Stock Trust bonds, . 

Continental Passenger Railway Co. stock, 



Far value. 

$50,000 00 
60,000 00 
25,000 00 
10,000 00 
10,000 00 
10,000 00 
2,000 00 
5,000 00 
10,000 00 
20,000 00 



Market value. 

$61,500 00 
63,600 00 
25,000 00 
12,000 00 
10,800 00 
11,200 00 
2,000 00 
4,500 00 
10,000 00 
23,000 00 



$202,000 00 $223,600 00 



Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

100 shares North Penn. Railroad, . .^ 

30 " R. E. Title Ins. and Trust Co., . I $16,350 00 $10,000 00 
25 " 13th and 15th Sts. Pass. R'y, J 



344 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



100 shares Union Pass. Railway, 

50 " R. E. Title Ins. and Trust Co., . 
St. Louis, Iron Mt. and Southern R. R. bonds, 



Market value. 

817,000 00 

10,600 00 
1,000 00 



Loaned thereon 

$10,000 00 

8,500 00 

600 00 



$44,950 00 $29,000 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $153,800 00 

Loans on mortgage of real estate (first liens*) , 386,27-4 71 

Interest due or accrued thereon, . . . 5,919 98 

Stocks, bonds, etc., as per schedule, . . 223,600 00 

Loans on collateral security, as per schedule, 29,000 00 

Cash in the office of the company, . . 99 22 

deposited in bank, .... 20,244 14 

Interest due and accrued, .... 4,<>61 91 

Premiums in course of collection (net), . 8,361 72 

Rents due and accrued, .... 777 74 
Premiums more than 3 months due, $405 08 

Gross assets, 



$832,139 42 



Liabilities. 
Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
State and local taxes, .... 
Gross liabilities, except capital, . 

Surplus as regards pojicy -holders, 
Paid-up capital, 



$3,326 45 
4,680 82 
5,525 00 

79,599 03 

374,242 00 

2,900 00 



Surplus over capital, 



470,273 30 

$361,866 12 
300,000 00 

$61,866 12 



Income. 

Cash received for fire premiums, . . $146,429 55 
Deduct reinsurance and return premiums, . 16,452 98 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 

Income from rents, 

Deposits received for perpetual fire risks, . $32,756 86 

Gross cash income, 



$129,976 57 

15,683 b'2 

15,052 83 

2,081 88 



8162,794 80 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



£753,570 00 
279,992 00 






1885.] 



INS. COS. OF OTHER STATES. 



345 



Expenditures. 

Net cash paid for fire losses, .... 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Deposits returned on perpetual fire risks, . . $9,101 69 

Gross cash expenditures, 



$71,628 88 

18,000 00 

29,401 96 

11,208 13 

4,515 22 

8,896 89 



$143,651 08 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . .$12,726,220 00 $130,086 48 
written during 1885, . . . 15,974,815 00 147,895 28 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Perpetuals in force (not included above), . $17,020,925 00 $411,210 37 



$28,701,035 00 $277,981 76 
13,215,863 00 117,358 31 



$15,485,172 00 $160,623 45 
454,028 00 4,692 58 



$15,031,144 00 $155,930 87 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, 



,192,636 00 

757,729 00 

182,506 00 

18,000 00 

72,855 00 

87,440 00 



UNITED STATES FIRE INSURANCE COMPANY, NEW 

YORK, N. Y. 

[Incorporated April 1, 1824. Commenced business April 9, 1824.] 
Paid-up Capital, $250,000. 
r . W. Underhill, President. George E. Cock, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

Fnited States bonds, $230,000 00 $283,475 00 



346 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans : — 



Milwaukee and St. Paul Railroad bonds, 
Chic, Burl, and Quincy Railroad bonds, 



Market value. Loaned thereon. 

$2,520 00 $2,000 00 
3,350 00 2,500 00 



$5,870 00 $4,500 00 



Summary of Assets Dec. 31, 1885. 

Loans on mortgage of real estate (first liens*), $254,950 00 

1,585 52 
283,475 00 
4,500 00 
1,082 44 
2,235 00 
13,550 06 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), . 
Gross assets, 



Liabilities. 
Losses adjusted, unpaid, 

claimed and reported, 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, 
State and local taxes, .... 
Commissions and brokerage, 
Return premiums and rents, 

Gross liabilities, except capital, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$2,062 31 


4,125 


00 


75,127 


21 


96 


25 


625 


00 


1,187 


06 


746 


19 



$561,378 02 



Surplus over capital, 



83,969 02 

$477,409 00 
250,000 00 

$227,409 00 



Income. 

Cash received for fire premiums, 
Deduct reinsurance and return premiums, . 
Net cash received for fire premiums, . 
Cash received for marine and inPd prem's, 
Deduct reinsurance and return premiums, . 

Net cash received for marine and inl'd p rein's, 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from all other sources, 

Gross cash income, 



$139,995 91 
12,981 81 

$127,014 10 

$10,391 26 
158 84 

10,232 42 

15,606 51 

8,830 17 

235 00 



$161,918 20 



* Value of lands mortgaged, $240,000 00 

Value of buildings thereon, .... 385,00000 

Amount of insurance held as collateral, . . 282,200 00 



1885.] 



INS. COS. OF OTHER STATES. 



347 



Expenditures. 

Cash paid for fire losses, .... $55,289 07 
Deduct salvage and reinsurance, . . 1,690 05 

Net cash paid for fire losses, 
Cash paid for marine and inland losses, 
dividends paid, .... 
paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 

Risks and Premiums. 



$53,599 02 

4,523 27 

25,010 00 

26,198 40 

11,792 92 

4,426 25 

13,640 96 

$139,190 82 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Premiums. 

115,654,319 00 $109,970 10 
17,665,453 00 135,708 56 



$33,319,772 00 $245,678 66 
15,804,722 00 108,855 13 



$17,515,050 00 $136,823 53 
363,345 00 2,554 93 



$17,151,705 00 $134,268 60 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 



Total, 

Deduct risks expired and terminated, 



$232,000 00 
468,992 00 

$700,992 00 
378,092 00 



$7,047 07 
10,565 48 

$17,612 55 
8,808 80 



In force at end of year, 



$322,900 00 $8,803 75 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, . 
Company's stock owned by directors, .... 



$3,329,800 00 

1,768,537 00 

1,589,091 00 

25,000 00 

56,094 63 

4,872 27 

48,600 00 



348 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



UNITED STATES LLOYDS, NEW YORK, N. Y. 

[Commenced business 1873 ] 

Higgins & Cox, Attorneys. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 

New York city and county bonds, 

New York city water bonds, 

Boston city water bonds, 

St. Louis city bonds, 

Cincinnati city pavement bonds, 

Atlantic Mutual Insurance Co. scrip, 



Par value. 

$50,000 00 

100,000 00 

100,000 00 

50,000 00 

50,000 00 

50,000 00 



Market value. 

$66,575 00 

132,166 66 

110,875 00 

62,125 00 

52,083 33 

51,416 67 

4,590 00 



$400,000 00 $479,831 66 



Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

Louis., New Orleans & Texas R. R. bonds, $163,200 00 $100,000 00 

35 shares Home Insurance Co., . . . 4,550 00 4,000 00 



$L67,750 00 $104,000 00 



Summary of Assets Dec. 31, 1885. 



Stocks, bonds, etc., as per schedule, . 

Loans on collateral security, as per schedule, 

Cash deposited in bank, 

Interest due and accrued, 

Premiums in course of collection (gross), 

Notes taken for marine and inland risks, 

Salvage, reinsurance, etc., . 

Gross assets, 



$179,831 66 

104,000 00 

44,081 62 

5,246 66 

74,688 68 

7,441 90 

53,032 14 



$768,322 66 



Liabilities. 

Net amount of unpaid losses, . . . $66,125 66 

Unearned premiums on outstanding risks, . 45,337 81 

Due and accrued for rent, salaries, etc., . 3,066 66 

Trust funds, 469 16 

Commissions and brokerage, . . . 1,456 12 

Gross liabilities, 



116,455 41 



Surplus, $651,867 



Income. 

Cash received for marine and inl'd prem's, 
Deduct reinsurance and return premiums, . 
Net cash rec'd for marine and inl'd prem's, 



$725,502 67 
276,912 25 



$448,590 42 



1885.] INS. COS. OF OTHER STATES. 349 

Interest and dividends received from all sources, . . $23,302 73 

Income from brokerage, discounts, etc., .... 27,924 45 

Gross cash income, . $499,817 60 

Expenditures. 

Cash paid for marine and inland losses, . $188,783 32 
Deduct salvage and reinsurance, . . 18,926 94 

Net cash paid for marine and inland losses, $169,856 38 

Cash dividends paid, 100,000 00 

paid for commissions and brokerage, . . . 26,657 03 

for salaries of officers and employees, . . 52,732 22 

Bad debts, 10,992 07 

Gross cash expenditures, $360,237 70 

Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1884, . $8,172,557 00 $69,373 94 

written during 1885, . . 91,846,433 00 710,697 99 

Total, $100,018,990 00 $780,071 93 

Deduct risks expired and terminated, . 96,733,285 00 725,502 67 

In force at end of year, .... $3,285,705 00 $54,569 26 

Deduct amount reinsured, .... 556,269 00 9,231 45 

Net amount in force, .... $2,729,436 00 $15,337 81 



WESTCHESTER FIRE INSURANCE COMPANY, NEW 

YORK, N. Y. 

[Incorporated as Mutual March 14, 1837. Commenced business as Joint Stock Jan. 1, 1870.] 

Paid-up Capital, $300,000. 
Geo. R. Crawford, President. John Q. Underhill, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . . . 

Georgia State bonds, 

New York Central Railroad bonds, 

N. Y., Lacka. and Western Railroad stock, 

New York and Harlem Railroad stock, 

Rensselaer and Saratoga Railroad stock, 



Par value. 

$500,000 00 
20,000 00 
10,000 00 
50,000 00 
30,000 00 
50,000 00 



Market value. 

615,000 00 

22,500 00 

10,600 00 

50,000 00 

63,600 00 

80,000 00 



$660,000 00 $841,700 00 



350 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

Central Bank, Westchester County, stock, . $2,500 00 $1,500 00 

United States bonds, 615 00 o 00 



$3,115 00 $1,8 J5 00 

Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $2,000 00 

Loans on raort'ge of real estate (first liens*), 153,100 00 
Interest due or accrued thereon, . . . 1,675 62 

Stocks, bonds, etc., as per schedule, . . 841,700 00 
Loans on collateral security, as per schedule, 1,825 00 

Cash in the office of the company, . . 73,023 62 

Premiums in course of collection (gross), . 68,344 27 

Gross assets, $1,142,568 51 

Deduct special deposits in other States, .... 55,350 00 



Balance, $1,087,218 51 

Liabilities. 

Losses adjusted, unpaid, .... $13,655 14 

claimed and reported, . . . 22,551 00 

disputed or resisted, .... 4,000 00 

Unearned premiums on outstanding risks, . 567,010 40 

Commissions and brokerage, . . . 9,147 30 



Gross liabilities, except capital, . . $616,363 84 
Deduct liabilities on special deposits, . . 20,271 28 



596,092 06 



Surplus as regards policy-holders, . . . $491,125 95 
Paid-up capital, 300,000 00 



Surplus over capital, $191,125 95 

Income. 

Cash received for fire premiums, . . $817,097 62 
Deduct reinsurance and return premiums, . 70,194 21 

Net cash received for fire premiums, . . $746,903 41 

Interest received on mortgages, 8,400 65 

and dividends received from all other sources, . 25,8u6 25 

Income from rents, 2,234 46 



Gross cash income, $783,344 77 

* Value of lands mortgaged $146,900 00 

Value of buildings thereon 180,000 00 

Amount of insurance held as collateral, . . 150,850 00 



1885.] 



INS. COS. OF OTHER STATES. 



351 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, . 

Net cash paid for fire losses, - 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$384,592 51 
15,526 52 



Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



.$98,210,630 00 
. 85,149,720 00 



$183,360,350 00 

. 74,553,174 00 

$108,807,176 00 

. 1,741,159 00 



$369,065 99 
30,000 00 
131,888 74 
28,969 61 
18,477 20 
91,254 02 

$669,655 56 

Premiums. 

$868,869 62 
825,943 57 

$1,694,813 19 
599,470 38 

fl,095,342 81 
17,095 74 



$107,066,017 00 $1,078,247 07 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$10,335,387 69 
5,716,572 61 
408,000 00 
30,000 00 
355,070 49 
86,370 00 



WESTERN INSURANCE COMPANY, PITTSBURGH, PENN. 

[Incorporated March 20, 1849. Commenced business May 1, 1849.] 

Paid-up Capital, $300,000. 

Alexander Nimick, President. Wm. P. Herbert, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $30,000 00 $36,975 00 

Allegheny County bonds, .... 60,000 00 61,500 00 

Pittsburgh city bonds, 18,000 00 18,105 00 

Allegheny city bonds, 8,500 00 8,910 00 

McKeesport city bonds, .... 13,500 00 13,770 00 

Pittsburgh Junction Railroad bonds, . . 18,000 00 19,260 00 

Pittsburgh and Western Railroad bonds, . 10,000 00 8,000 00 



$158,000 00 $166,520 00 



352 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $45,000 00 
Loans on mortgage of real estate (first liens*), 207,516 50 

Interest due or accrued thereon, . . . 3,612 00 

Stocks, bonds, etc., as per schedule, . . 166,520 00 

Cash in the office of the company, . . 343 78 

deposited in bank 16,693 82 

Interest due and accrued, .... 98 75 

Premiums in course of collection (gross), . 8,517 02 

Rents due and accrued, .... 200 00 
Prems. more than 3 mos. due, . $137 47 

Gross assets, 



$448,501 87 



Liabilities. 

Losses adjusted, unpaid, .... $253 15 

claimed and reported, . . . 7,760 00 

disputed or resisted, . . . 400 00 

Total amount of losses, .... $8,413 15 

Less reinsurance, 500 00 

Net amount of unpaid losses, . . . $7,913 15 

Unearned premiums on outstanding risks, . 65,009 27 

Due and accrued lor rent, salaries, etc., . 200 00 

Commissions and brokerage, . . . 223 20 

Gross liabilities, except capital, . . 

Surplus as regards policy-holders, 
Paid-up capital, 

Surplus over capital, 

Income. 

Cash received for fire premiums, . . $122,091 20 
Deduct reinsurance and return premiums, . 11,316 64 

Net cash received for fire premiums, . . 

Cash received for marine and inVd prems., $1,708 28 

Deduct reinsurance and return premiums, . 12 17 

Net cash rec'd for marine and inFd prems., 

Interest received on mortgages, 

and dividends received from all other sources, 
Income from rents, 

from commissions, 

Gross cash income, 



73,345 62 

$375,156 25 
300,000 00 

$75,156 25 



$110,774 56 



1,696 11 
10,830 08 
8,157 47 
1,050 00 
1,971 40 

$134,479 62 



* Value of lands mortgaged, $216,100 00 

Value of buildings thereon 367,900 00 

Amount of insurance held as collateral, . . 154,550 00 



1885.] 



INS. COS. OF OTHER STATES, 



353 



Expenditures. 
Cash paid for tire losses, .... $54,940 61 
Deduct salvage and reinsurance, . . 1,617 50 

Net cash paid for fire losses, . . . 

Cash dividends paid, 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 



$53 323 11 

24,000 00 

20,631 49 

7,800 00 

4,209 89 

6,267 88 

$116,232 37 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 



$7,718,465 00 
10,495,329 00 

$18,213,794 00 
7,524,309 00 

$10,689,485 00 
207,896 00 



Premiums. 

$91,330 89 
125,515 75 

$216,846 64 
86,776 91 



$130,069 73 
2,406 23 



$10,481,589 00 $127,663 50 



$19,000 00 
183,593 00 

$202,593 00 
190,593 00 

$12,000 00 



$1,520 00 
1,848 33 

$3,368 33 
2,408 30 

$960 03 



Miscellaneous. 
Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$2,338,677 00 

1,148,112 00 

809,500 00 

24,000 00 

57,814 00 

79,150 00 



354 FIRE, MARINE, AND FIRE-MARINE [Dec. 31 



WILLTAMSBURGH CITY FIRE INSURANCE COMPANY, 
BROOKLYN, N. Y. 

[Incorporated March, 1853. Commenced business March, 1853.] 
Paid-up Capital, $250,000. 
Edmund Driggs, President. N. W. Meserole, Secretary. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $66,000 00 $85,180 00 

Georgia State bonds, 25,000 00 26,000 00 

Grand St. and Newtown Railroad bonds, . 21,000 00 21,210 00 

Broadway Railroad, Brooklyn, bonds, . . 3,000 00 3,180 00 

Long Island Bank, Brooklyn, stock, . . 10,000 00 11,500 00 

First National Bank, Brooklyn, stock, . . 4,900 0) 13,475 00 

People's G. L. Co., Brooklyn, stock, . . 13,000 00 11,050 00 

Metropolitan G. L. Co., Brooklyn, stock, . 5,000 00 4,750 00 

Citizens 1 G. L Co., Brooklyn, stock, . . 7,120 00 6,052 00 

Grand St. and Newtown Railroad stock, ". 33,000 00 33,000 00 

Dry Dock, E. B. and Battery R. R. stock, . 20,000 00 39,200 00 

Dry Dock, E. B. and Battery R. R. scrip, . 20,000 00 21,000 00 



$228,020 00 $275,597 00 



Securities held as collateral for cash loans : — 



Cypress Hill Cemetery bonds, 
Greenwich Insurance Company stock, 
Union Ferry Company stock, 
Lafayette Insurance Company stock, . 
Broadway and Seventh Ave. R. R. stock, 



Market value. Loaned thereon. 



$9,000 00 

550 00 

780 00 

850 00 

2,800 00 



$6,500 00 

350 00 

600 00 

600 00 

1,500 00 



$13,980 00 $9,550 00 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $551,673 95 

Loans on mort'ge of real estate (first liens*) , 272,900 00 

Interest due or accrued thereon, . . . 1,444 33 

Stocks, bonds, etc., as per schedule, . . 275,597 00 

Loans on collateral security, as per schedule, 9,550 00 

Cash in the office of the company, . . 290 46 

deposited in bank, .... 35,435 86 

Interest due and accrued, .... 5,459 81 



* Value of lands mortgaged, . 
Value of buildings Ihereon, . 
Amount of insurance held as collateral, 



$201,200 00 

00 00 

237,000 00 



1885.] 



INS. COS. OF OTHER STATES. 



355 



Premiums in course of collection (gross), 
Rents due and accrued, 

Reinsurance due, 

Premiums more than 3 months due, $196 27 

Gross assets,* .... 
Deduct special deposits in other States, 



Balance, 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 
Less reinsurance, . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, 
Due and accrued for rent, salaries, etc., 
State and local taxes, .... 
Commissions and brokerage, 
Return premiums, .... 

Gross liabilities, except capital, . 
Deduct liabilities on special deposits, . 

Surplus as regards policy-holders, 
Paid-up capital, 



$56,529 24 

9,682 77 

244 94 



$1,218,808 36 
39,530 00 

$1,179,278 36 



$7,810 25 

25,995 00 

7,650 00 

$41,455 25 
3,633 13 

$37,822 12 

407,140 70 

200 00 

440 67 

5,701 55 

9,653 88 

4,491 88 

$165,450 80 
26,692 55 



Surplus over capital, 



438,758 25 

$740,520 11 
250,000 00 

$190,520 11 



Income. 

Cash received for fire premiums, . . $729,480 86 
Deduct reinsurance and return premiums, . 107,186 42 

Net cash received for fire premiums, . . $622,294 44 

Interest received on mortgages, 14,479 85 

and dividends received from all other sources, . 15,420 35 

Income from rents (net), 10,485 07 

Gross cash income, $662,679 71 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, . 
Net cash paid for fire losses, 
Cash dividends paid, 



554,060 47 
38,359 48 



$315,700 99 
49,915 00 



* Including $255,000 Special Reserve Fund held under New York law. 



356 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for commissions and brokerage, 

fir salaries of officers and employees, 
for State and local taxes, . 

for incidentals, 

for interest on borrowed money, 

Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1881, 
written during 1885, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$106,181,187 00 
84,826,982 00 

$191,008,169 00 
90,783,216 00 

$100,224,953 00 
5,169,259 00 



$143,664 83 

I 31 

<) 42 

40,2*1 84 

69 45 



Premiums. 

$923,o»3 89 
715,690 53 

$1,638,774 42 

7 7.3,856 37 

$364,918 05 

57,150 29 



.155,694.00 $807, 707 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), . 
Fire losses incurred during the year, .... 
Company's stock owned by directors, .... 



$9,356,017 92 
,7,124 85 

952,500 00 
50,000 00 

314,117 21 
75,950 00 



1885.] 



INS. COS. OF OTHER STATES. 



357 



AGGEEGATE. 



Capital Stock. 




Capital actually paid up in cash, 


$45, 199,020 


Scrip outstanding, 


9,700,275 


Assets. 




Gross present assets, 


fl39,633,791 


Liabilities. 




Gross present liabilities, 


$50,547,727 


Income. 




Cash actually received for fire premiums, 


f49.254.288 


for marine and inland premiums, .... 


9.237.590 


for interest and dividends from all sources, . 


5,569,368 


irom all other sources, ...... 


533.965 


Gross cash income, 


§64,595,211 


Expenditures. 




Cash actually paid during the year for fire losses, 


$28,191,346 


for marine and inland losses, 


6,242,563 


for dividends to stockholders, .... 


5,324.982 


for redemption of scrip, ...... 


1,455,181 


for interest to scrip-holders, 


537,485 


for brokerage and commissions on premiums, 


9,764.618 


for salaries and pay of officers and employees, 


4,673,357 


for State and local taxes, 


1.485,404 


for office, agency, and incidental expenses, . 


4,243 451 


Gross cash expenditures, 


§61,918,387 


Miscellaneous. 




Whole amount of lire risks written during the year, 


$5,518,504,856 


premiums charged or receivable thereon, . 


57 955,591 


marine and inland risks written during the year, 


1,397.924,511 


premiums charged or receivable thereon, . 


11,239,787 


fire risks terminated during the year, 


4.959.890,696 


marine and inland risks terminated, . 


1,389,164 062 


fire risks outstanding at end of year, . 


6,533,479,558 


marine and inland risks outstanding, . 


182.250.739 


dividends declared, 


5.240.682 


fire losses incurred, 


. 28.362,648 


marine losses incurred, 


5,975,500 



UNITED STATES BRANCHES OF 

FOREIGN FIRE 

INSURANCE COMPANIES. 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

December 31, 1885. 



360 



UNITED STATES BRANCHES OF [Dec. 31, 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



UNITED STATES BRANCH OF THE BRITISH AMERICA 
ASSURANCE COMPANY, TORONTO, CANADA. 



Detailed Statement of Stocks, 



United States bonds, . . . 

Lake Shore and Mich. So. Railroad stock, . 

Chicago and Northwestern Railroad stock, 

Chicago and Northwestern Railroad bonds, 

Burl., Cedar Rapids and No. R. R. bonds, . 

Chicago, Burl, and Quincy Railroad bonds, 

West Shore Railroad bonds, 

Cash in hands of Trustees in New York, . 



6 



Bonds, etc 

Par value. 

466,000 00 

10,000 00 
10,000 (0 
20,000 00 
10,000 00 
30,000 00 
25,000 00 
55,000 00 



Market value. 

2,618 75 

8,«62 50 

11,087 60 

21,000 00 

10,800 00 

32,100 00 

25,875 00 

55,000 00 



$615,000 00 $097,293 75 



Summary of Assets Dec. 31, 1885. 

Stocks, bonds, etc., as per schedule, . . $697,293 75 

Cash in the office of the company, . . 3,431 11 

deposited in bank, . . . . 64,025 76 

Premiums in course of collection (gross), . 37,693 34 

Gross assets, ...... 

Deduct special deposit in other States, .... 
Premiums more than 3 mos. due, $5,910 34 



Balance, 



$802,443 96 
155,625 00 

$646,818 96 



Liabilities. 
Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, . 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Gross liabilities, .... 
Deduct liabilities on special deposits, . 



$24,984 24 
30,915 14 
13,017 68 

$68,917 06 
1,619 95 

$67,297 11 
368,513 81 

$435,810 92 
32,549 17 



403,261 75 



Surplus, $243,557 21 



1885.] FOREIGN FIRE INSURANCE COS. 361 



Income. 

Cash received for fire premiums, . . $652,265 49 

Deduct reinsurance and return premiums, . 87,014 91 

Net cash received for fire premiums, . . 

Cash received for marine and inl'd prem's, $57,075 66 
Deduct reinsurance and return premiums, . 2,660 65 

Net cash received for marine and inl'd prem's, 

Interest and dividends received from all sources, 

Income from profit on sale of securities, .... 

Gross cash income, 



$565,250 58 



54,415 01 

24,573 49 

2,710 59 

$646,949 67 



Expenditures. 

Cash paid for fire losses $396,011 23 

Deduct salvage and reinsurance, . . 13,588 49 

Net cash paid for fire losses, . . 

Cash paid for marine and inland losses, . $24,687 13 
Deduct salvage and reinsurance, . . 2,273 42 

Net cash paid for marine and inland losses, 

Cash paid for commissions and brokerage, . 

for salaries of officers and employees, . 

for State and local taxes, .... 

for incidentals, 

Gross cash expenditures, 



$382,422 74 



22,413 71 
117,189 16 
17,524 93 
14,860 77 
46,681 75 

$601,093 06 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

$16,530,106 00 $625,588 15 
49,492,447 00 664,542 43 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



,022,553 00 $1,290,130 58 
42,599,993 00 573,039 32 



$53,422,560 00 $717,091 26 
1,191,614 00 12,756 37 



$52,230,946 00 $704,334 89 



$373,587 00 
7,221,299 00 

$7,594,886 00 
7,252,044 00 



$14,490 24 
58,542 68 

$73,032 92 
61,324 88 



$342,842 00 $11,708 04 



Miscellaneous. 

'ire losses incurred during the year, $372,230 00 

Marine and inland losses incurred during the year, . . 23,716 00 



362 



UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATES BRANCH OF THE BRITISH AND FOREIGN 
MARINE INSURANCE COMPANY (LIMITED), LIVERPOOL, 
ENGLAND. 

Endicott & Macomber, Attorneys. 

Office, 61 State Street, Boston. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Boston and Lowell Railroad bonds, . 
Fitchburg Railroad bonds, . 
Boston, Clinton, F. and N. B. R. R. bonds, 
Old Colony Railroad bonds, 
Providence and Worcester R. R. bonds, 



Par value. 

$377,000 00 

100,000 00^ 

30,000 00 j 

2,000 00 \ 

16,000 00 j 

50,000 00 J 



Market value. 

$438,650 00 



218,382 50 



$575,000 00 $657,032 50 



Summary of Assets Dec. 31, 1885. 



Stocks, bonds, etc., as per schedule, . 
Cash deposited in bank, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Reinsurance and salvages due, . 

Gross assets, 

Deduct special deposits in other States, 



$657,032 50 

28,330 66 

114,890 46 

21,481 10 

17,115 33 



Balance, 



$838,850 05 
87,250 00 

$751,600 05 



Liabilities. 



Losses adjusted, unpaid, 
Less reinsurance, . 



Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Unused balances of premium notes, . 
State and local taxes, . . . 
Commissions and brokerage, 
Reinsurance, return premiums, etc., . 

Gross liabilities, .... 
Deduct liabilities on special deposits, . 



$65,356 45 

1,964 36 

$63,392 09 

130,912 74 

8,018 35 

996 75 

5,025 99 

5,431 36 

$213,777 28 

11,023 79 



202,753 49 



Surplus, $548,846 56 



1885.] 



FOREIGN FIRE INSURANCE COS. 



363 



Income. 

Cash received for marine and inl'd prem's, $714,999 90 
Deduct reinsurance and return premiums, . 3,199 99 

Net cash rec'd for marine and inl'd prem's, 

Interest and dividends received from all sources, 

Income from miscellaneous, 

Received from home office, $170,811 19 

Gross cash income, 



$711,799 91 

19,850 00 

904 53 



$732,554 44 



Expenditures. 

Cash paid for marine and inland losses, . $393,866 55 
Deduct salvage and reinsurance, . . . 127,524 23 

Net cash paid for marine and inl'd losses,* 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

Remitted to home office, . $508,592 32 

Gross cash expenditures, 



$266,342 32 

47,137 49 

30,112 30 

9,334 91 



$352,927 02 



Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1884, . $15,808,286 00 $196,717 62 
written during 1885, . . 123,474,463 00 994,585 50 



Total, 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$139,282,749 00 $1,191,303 12 
. 126,184,328 00 1,029,144 72 



. $13,098,421 00 $162,158 40 
. 1,005,357 00 18,641 91 



. $12,093,063 00 $143,516 49 



Miscellaneous. 
Marine losses incurred during the year (estimated), 



. $630,404 00 



* A large part of the losses are paid from the home office and do not appear in these 
accounts. 



364 UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATES BRANCH OF THE CITY OF LONDON FIRE 
INSURANCE CO. (LIMITED), LONDON, ENGLAND. 

John C. Paige, Resident Manager. 

Office, No. 20 Kilby Street, Boston. 

Summary of Assets Dec. 31, 1885. 



United States bonds, .... 
Cash in the office of the company, 

deposited in bank, 
Premiums in course of collection (gross), 
Due for reinsurance, .... 

Gross assets, 

Deduct special deposits in other States, 



Balance, 



$613,602 50 

357 89 

4,731 31 

72,114 21 

651 34 



1,517 25 

117,162 50 

$574,354 75 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 

Total amount of losses, 

Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Commissions and brokerage, 

Total liabilities, .... 
Deduct liabilities on special deposits, . 



$27,784 86 
24,617 00 

$52,401 86 

3,018 49 

$19,383 37 

304,873 53 

10,082 11 

$364,339 01 
5,331 34 



359,004 67 



Surplus, $215,350 08 



Income. 

Cash received for fire premiums, . . $672,620 64 

Deduct reinsurance and return premiums, . 155,314 67 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, 
Received from home office, .... $50,253 50 



Gross cash income, 



f517,305 97 
19,986 14 



$537,292 11 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 



$448,724 14 
37,604 43 



$111,119 71 



1885.] FOREIGN FIRE INSURANCE COS. 365 

Cash paid for commissions and brokerage, . . . $102,358 66 

for salaries of officers and employees, . . 39,615 93 

for State and local taxes, 18,058 43 

for incidentals, 42,626 79 

Remitted to home office, .... $19,500 92 



Gross cash expenditures, $613,779 52 

Risks and Premiums. 

r Premiums. 

Fire risks outstanding Dec. 31, 1884, . .$17,082,866 00 $637,072 09 

written during 1885, . . . 51,029,23100 687,899 29 



Total, $98,112,097 00 $1,324,971 38 

Deduct risks expired and terminated, . 51,334,837 00 691,750 93 



In force at end of year, . . . .$16,777,260 00 $633,220 45 
Deduct amount reinsured, .... 2,742,054 00 38,172 29 



Net amount in force, $44,035,206 00 $595,018 16 

Miscellaneous. 
Fire losses incurred during the year, $389,138 00 



UNITED STATES BRANCH OF THE COMMERCIAL UNION 
ASSURANCE COMPANY, LONDON, ENGLAND. 

Alfred Pell, Resident Manager. 

Office, Corner William and Pine Streets. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value 

United States bonds $!)15,0( 00 $1,<>*0,9!8 75 

Chicago and North Western Railroad bonds, 150,000 00 17X,375 00 

Chicago, Burl, and Qnincy Railroad bonds, 100,000 00 107.5' 00 

Chicago, R. I and Pacific Railroad bonds, . 60,000 00 7S,60<) 00 

Illinois Central Railroad certificates, . . 100,000 00 92,000(0 



$1,325,000 00 $1,53<',393 75 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $224,675 63 

Stocks, bonds, etc., as per schedule, . . 1,537,393 75 

Cash in the offi re of the company, . . 1,550 48 

deposited in bank, .... 351,168 90 

Interest due and accrued, .... 10,231 25 



366 



UNITED STATES BRANCHES OF [Dec. 31, 



Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, 

Gross assets, 

Deduct special deposits in other States, 



Balance, 



$280,678 76 
1,613 03 
2,470 66 



$2,409,782 46 
264,668 75 

$2,145,11;:} 71 



Liabilities. 
Losses claimed and reported, 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, 

Net amount of losses unpaid, 

Unearned premiums on outstanding risks, 

Due and accrued for rent, . 

Commissions and brokerage, 

Due for reinsurance, .... 

Gross liabilities, .... 
Deduct liabilities on special deposits, . 

Surplus, 



$134,163 73 
20,409 19 

$154,572 92 
9,715 26 

$144,857 66 

1,311,743 83 

1,666 66 

31,365 46 

599 99 

11,490,233 60 

98,702 51 



Gross cash income, 

Expenditures. 

Cash paid for fire losses, .... $1,203,33084 
Deduct salvage and reinsurance, . . 57,291 57 

Net cash paid for fire losses, . . . 

Cash paid for marine and inland losses, . $35,053 09 
Deduct salvage and reinsurance, . . 8.9 v 

Net cash paid for marine and inland losses, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



1,391,531 09 
$753,582 62 



Income. 

Cash received for fire premiums, . . $2,298,048 22 

Deduct reinsurance and return premiums, . 450,899 10 

Net cash received for fire premiams, . . 

Ca*h received for marine and inl'd prem's, $79,001 20 
Deduct reinsurance and return premiums, . $,061 77 

Net cash recM for marine and inl'd prem's, . 

Interest and dividends received from all sources, 
Income from rents, 



$1,817,149 12 



50,919 43 

61,955 00 

8,952 28 

1,968,975 83 



$1,146,036 27 



Gross cash expenditures, 



2 1,072 37 

348,723 66 

118,299 51 

48,328 70 

115,047 12 

$1,802,507 63 



1885.] FOREIGN FIRE INSURANCE COS. 3G7 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . $259,414,231 00 $2,474,246 38 
written during 1885, . . 218,630,662 00 2,283,643 33 



Total, $478,044,893 00 $4,757,^89 71 

Deduct risks expired and terminated, 229,216,743 00 2,187,633 68 

In force at end of year, . . . $248,828,150 00 $2,570,256 03 

Deduct amount reinsured, . . . 8,500,958 00 90,898 82 



Net amount in force, . . . $240,327,192 00 $2,479,357 21 

Marine risks outstanding Dec. 31,1884, $736,22100 $11,795 27 

written during 1885, . . 12,580,114 00 90,276 65 



Total, $13,316,335 00 $102,071 92 

Deduct risks expired and terminated, 11,290,113 00 61,983 58 



In force at end of year, . . . $2,026,222 00 $40,088 34 

Deduct amount reinsured, . . . 974,070 00 20,614 60 



Net amount in force, . . . $1,052,152 00 $19,473 74 

Miscellaneous. 

Fire losses incurred during the year, $1,005,734 00 

Marine and inland losses incurred during the year, . . 26,073 00 



UNITED STATES BRANCH OF THE FIRE INSURANCE 
ASSOCIATION (LIMITED), LONDON, ENGLAND. 

Frank Lock, Attorney for the United States. 

Office, No. 50 William Street, New York. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $448,200 00 $540,195 75 

Newark city bonds, 100,000 00 102,000 00 

Georgia State bonds, 24,800 00 26,922 50 



$573,000 00 $669,118 25 



Summary of Assets Dec. 31, 1885. 

Stocks, bonds, etc., as per schedule, . . $669,118 25 

Cash in the office of the company, . . 4,957 33 

deposited in bank, .... 158,391 50 

Interest due and accrued, .... 8,520 01 

Premiums in course of collection (gross), . 79,292 52 

Due for reinsurance, 1,144 00 

Gross assets, 

Deduct special deposits in other States, 

Balance, .... 



$921,423 61 
223,970 75 

$697,452 86 



368 



UNITED STATES BRANCHES OF [Dec. 31, 



Liabilities. 
Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Due and accrued for rent, salaries, etc., 

Gross liabilities, .... 
Deduct liabilities on special deposits, . 



$22,011 25 
30,690 81 
29,547 32 

$82,249 38 
5,670 00 

$76,579 38 

451,028 44 

6,615 30 

$534,223 12 
44,379 60 



$489,843 52 



Surplus $207,609 34 



Income. 
Cash received for fire premiums, . 
Deduct reinsurance and return premiums, 
Net cash received for fire premiums, . 
Interest received on mortgages, . 

Gross cash income, 



$931,614 12 
170,654 64 



$760,959 48 
22,551 16 

$783,510 64 



Expenditures. 

<Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for commissions and brokerage, 



$675,961 56 
21,028 71 



for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . . . . 
Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$72,491,868 00 
72,162,110 00 

$144,653,978 00 
72,892,913 00 

$71,761,065 00 
2,746,239 00 



$654,932 85 

159,857 39 

59,091 82 

18,191 87 

36,340 78 

$928,414 71 



Premiums. 

$949,000 39 
927,078 87 

$1,876,079 26 
956,740 76 

89 19,338 50 
32,749 35 



$69,014,826 00 $886,589 15 



Misckllaneous. 
Fire losses incurred during the year, . 



$616,896 00 



1885.] FOREIGN FIRE INSURANCE COS. 369 



UNITED STATES BRANCH OF THE GUARDIAN FIRE AND 
LIFE ASSURANCE COMPANY, LONDON, ENGLAND. 

H. E. Bowers, Manager. 

Office, No. 54 William Street, New York. 

Summary of Assets Dec. 81, 1885. 



United States bonds, 
Cash deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
more than 3 mos. due, $8,685 74 

Gross assets, 

Deduct special deposits in other States, 



Balance, 



$985,000 00 

306,189 50 

8,000 00 

35,884 52 



$1,335,074 02 
215,468 75 

$1,119,605 27 



Liabilities 
Losses claimed and reported, 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc. 
State and local taxes, . 
Commissions and brokerage, 
Return premiums, 

Gross liabilities, . 
Deduct liabilities on special deposits, 



f30,934 55 

19,629 11 

437,391 79 

2,250 60 

1,607 98 

6,123 31 

78 09 

$498,015 43 
41,086 39 



456,929 04 



Surplus, $662,676 23 

Income. 
Cash received for fire premiums, . . $777,263 97 
Deduct reinsurance and return premiums, . 97,437 57 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, 

Gross cash income, 



$679,826 40 
36,048 58 



$715,874 98 



Expenditures. 
Cash paid for fire losses, .... $357,827 55 
Deduct salvage and reinsurance, . . 13,349 81 

Net cash paid for fire losses, . . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Remitted to home office, . $18,000 00 

Gross cash expenditures, 



§344,477 74 

122,377 48 

64,689 74 

17,656 69 

40,920 56 

$590,122 21 



370 UNITED STATES BRANCHES OF [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



. $84,317,475 00 

. 86,348,839 00 

$170,666,314 00 

. 79,809,433 00 

.$90,856,881 00 

945,237 00 



Premiums. 

$765,682 31 
;,878 21 

11,550,56' 
705,987 30 

$844,573 22 
6,372 77 



.$89,911,644 00 $838,200 45 



Miscellaneous. 
Fire losses incurred during the year, . 



$330,554 00 



UNITED STATES BRANCH OF THE HAMBURG-BREMEN 
FIRE INSURANCE COMPANY, HAMBURG, GERMANY. 

F. O. Affield, Resident Manager. 
Office, 62 Cedar Street, New York. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, 

Chic, Mil. and St. Paul Railroad bonds, 
Chicago and Northwestern Railroad bonds, 
Chicago, Burl, and Quincy Railroad bonds, 
N. Y., L. E. and Western Railroad bonds, 
St. Paul., Min. and Man. Railroad bonds, 
Central Pacific Railroad bonds, . 
Kansas Pacific Railroad bonds, , 
Union Pacific Railroad bonds, 
Nashville, Chat, and St. Louis R. R. bonds 
Lake Shore and Mich. So. Railroad bonds, 
New York Cent, and H. R. R. R. bonds, 
Michigan Central Railroad bonds, 
Del. and Hudson Canal bonds, . 
Albany and Susquehanna R. R. bonds, 
Oregon Railway and Nav. Co. bonds, . 
St. Louis and Iron Mt. R. R. bonds, . 



Par valae. 

$473,000 00 
15,000 00 
25,000 00 
20,000 00 
25,000 00 
19,000 00 
20,000 00 
20,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 
17,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 



Market value. 

$566,841 25 
20,287 50 
34,687 50 
26,700 00 
31,937 50 
21,280 00 
22,400 00 
22,200 00 
22,800 00 
12,200 00 
12,650- 00 
13,400 00 
18,360 00 
26,900 CO 
11,750 00 
11,075 00 
11,65<> 



$734,000 00 $$87,118 75 



1885.] 



FOREIGN FIRE INSURANCE COS. 



371 



Summary op Assets Dec. 31, 1885. 
Loans on mortgage of real estate (first liens*), $23,000 00 
Loans on collateral security, as per schedule, 887,1 18 75 
Cash deposited in bank, .... 71,141 31 

Premiums in course of collection (net), . 42,334 36 

more than 3 mos. clue, $1,193 25 

Gross assets, 

Deduct special deposits in other States, .... 



Balance, 



$1,023,594 42 
226,062 50 

$797,531 92 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, . 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Gross liabilities, .... 
Deduct liabilities on special deposits, . 



$2,910 00 
40,780 00 
15,850 00 

§59,540 00 
1,258 00 

$58,282 00 
509,549 58 

$567,831 58 
62,468 95 



505,362 63 



Surplus, 



$292,169 29 



Income. 

Cash received for fire premiums, . . . $950,728 86 
Deduct reinsurance and return premiums, . 171,205 17 

Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 

Gross cash income, 



79,523 69 

1,074 50 

36,022 97 

U6,62i 16 



Expenditures. 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, . 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, .... 



. $454,301 


24 


142,715 


20 


68.978 


84 


19,075 


64 


28,230 57 


. $713,301 


49 


$30,000 00 




60,000 00 




23,000 00 





* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



372 UNITED STATES BRANCHES OF [Dec. 31, 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

. $73,066,950 00 $909,433 21 
. 85,565,596 00 955,491 39 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$158,63-2,546 00 $1,864,924 60 
. 75,894,517 00 882,613 90 



. $82,738,029 00 $982,310 70 
. 1,228,334 00 15,695 03 



.$81 ,509,6 95 00 $966,615 67 



Miscellaneous. 
Fire losses incurred during the year, . 



$444,136 00 



UNITED STATES BRANCH OF THE IMPERIAL FIRE 
INSURANCE COMPANY, LONDON, ENGLAND. 

John C. Paige, Resident Manager. 

Office, No. 20 Kilby Street, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market ralue. 

United States bonds, $758,300 00 $923,636 87 

West Virginia State bonds, .... 28,666 66 3,726 66 

Tennessee State bonds, .... 20,000 00 10,400 00 



$806,966 66 $937,763 53 



Summary of Assets Dec. 31, 1885. 



Cash value of unencumbered real estate, 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents due and accrued, 

Gross assets, 

Deduct special deposits in other States, 



$412,259 50 

937,763 53 

301 55 

114,447 39 

6,843 00 

114,582 95 

3,793 37 



Balance, 



$1,589,991 29 
313,968 75 

$1,276,022 54 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 



$4,260 00 
66,067 89 
35,956 54 






1885.] 



FOREIGN FIRE INSURANCE COS. 



373 



Unearned premiums on outstanding risks, . $634,746 06 
Commissions and brokerage, . . . 15,798 72 



Gross liabilities, .... 
Deduct liabilities on special deposits, . 



Surplus, 



$756,829 21 
97,809 20 



$659,020 01 
$617,002 53 



Income. 

Cash received for fire premiums, . . $1,226,712 16 
Deduct reinsurance and return premiums, . 204,060 68 

Net cash received for fire premiums, . . $1,022,651 48 

Interest and dividends received from all sources, . . 29,802 00 

Income from rents, 34,626 81 

Received from home office, . $19,430 00 



Gross cash income, 



. $1,087,080 29 



Expenditures. 

Cash paid for fire losses $647,907 93 

Deduct salvage and reinsurance, . . 5,896 07 

Net cash paid for fire losses, . . . 

Cash paid for commissions and brokerage, .... 
for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



Gross cash expenditures, 



$642,011 86 

165,132 26 

121,002 60 

35,516 79 

24,431 61 

$988,095 12 



Fire risks outstanding Dec. 31,1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

.$96,772,282 00 $1,212,533 84 
. 95,159,394 00 1,233,387 16 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$191,931,676 00 $2,445,921 00 
. 89,897,535 00 1,195,892 66 



$102,034,141 00 $1,250,028 34 
340,801 00 3,434 12 



$101,693,340 00 $1,246,594 22 



Miscellaneous. 
Fire losses incurred during the year, . 



$637,160 00 



374 UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATES BRANCH OF THE LANCASHIRE INSURAN 
COMPANY, MANCHESTER, ENGLAND. 

E. Litchfield, Resident Manager. 

Office, No. 40 Pine Street, New York. 

Summary of Assets Dec. 31, 1885. 

United States bonds, $884,661 25 

Premiums in course of collection (gross), . 86,912 37 

Gross assets,* 0971,573 62 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 

disputed or resisted, 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Commissions and brokerage, 

Gross liabilities, .... 
Deduct liabilities on special deposits, . 



$17,639 77 

68,246 67 

37,576 56 

711,563 06 

6,000 00 

4,000 00 

$845,026 06 
62,325 00 



782,701 06 



Surplus, $188,872 56 

Income. 

Cash received for fire premiums, . . . $1,406,513 83 
Deduct reinsurance and return premiums, . 228,370 24 

Net cash received for fire premiums, . . $1,178,143 59 

Interest and dividends received from all sources, . . 53,496 48 



Gross cash income, $1,231,640 07 

Expenditures. 

Net cash paid for fire losses $724,248 87 

Cash paid for commissions and brokerage, . . . 187,485 78 

for salaries of officers and employees, . . 154,250 16 

for State and local taxes, 30,220 bb 



Gross cash expenditures $1,096,205 36 



* In addition to this amount the company reports $541,854.40 in other assets in this 
country, hut not in the hands of trustees or on deposit with any State department where 
it is available for payment of losses to citizens of this State, and therefore not recognized 
as a credit under the laws of Massachusetts. 






1885.] FOREIGN FIRE INSURANCE COS. 375 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

$120,749,425 00 $1,308,546 11 
134,524,688 00 1,400,157 10 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$255,274,113 00 $2,708,703 21 
123,104,695 00 1,302,859 52 



$132,169,418 00 $1,405,843 69 
2,149,197 00 16,111 27 



Miscellaneous. 
Fire losses incurred during the year, . 



$130,020,221 00 $ 1,389,732 42 
. $717,696 00 



UNITED STATES BRANCH OF THE LION FIRE INSURANCE 

COMPANY, LONDON, ENGLAND. 

M. Bennett, Jr., Manager. 

Office, No. 223 Asylum Street, Hartford. Conn. 

Detailed Statement of Stocks, Bonds, etc. 

Securities held as collateral for cash loans : — 





Market value. 


Loaned thereon. 


30 shares Hartford Fire Insurance Co., 


$8,100 00 


$5,000 00 


17 " Chicago City Railway, 


5,100 00 > 




24 " Russell & Erwin Manuf'g Co., 


3,000 00 I 


5,000 00 


200 " Collins Company, 


1,800 00 J 




200 " Willimantic Linen Co., 


8,000 00 


4,500 00 


120 " Pennsylvania Railroad Co., 


6,360 00 


4,500 00 


$32,360 00 


$19,000 00 


Summary of Assets De 


C. 31, 1885. 




Loans on mortgage of real estate (first liens' 


*) $120,350 00 




Interest due or accrued thereon, . 


2,198 41 




United States bonds, .... 


492,000 00 




Loans on collateral security, as per schedul 


e, 19,000 00 




Cash in the office of the company, 


1,025 60 




deposited in bank, 


60,998 20 




Interest due and accrued, . 


4,350 00 




Premiums in course of collection (net), 


59,923 99 




* Value of lands mortgaged, 


. $110,200 00 




Value of buildings thereon, . . 


. 150,000 00 




Amount of insurance held as collateral 


, . . 126,000 00 





376 UNITED STATES BRANCHES OF [Dec. 31, 

$4,588 62 



All other property, .... 

Gross assets, 

Deduct special deposits in other States, 



$764,434 82 
246,000 00 



Balance, $518,434 82 

Liabilities. 

Losses adjusted, unpaid, .... $22,967 59 

claimed and reported, . . . 14,250 00 

disputed or resisted, . . . 1,500 00 

Unearned premiums on outstanding risks, . 196,973 58 

Gross liabilities, $235,691 17 

Deduct liabilities on special deposits, . . 52,757 95 

182,933 22 

Surplus, $335,501 CO 



Income. 

Cash received for fire premiums, . . $632,047 19 
Deduct reinsurance and return premiums, . 261,972 20 

Net cash received for fire premiums, . . 

Interest received on mortgages, • 

and dividends received from all other sources, 

Gross cash income, 

Expenditures. 
Net cash paid for fire losses, .... 
Cash paid for commissions and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Remitted to home office, . $25,765 06 



Gross cash expenditures, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



.$35,032,712 00 
. 46,793,361 00 



.$81,826,073 00 
. 44,358,581 00 

.837,467,492 00 
. 8,771,975 00 



$370,074 99 

5,492 60 

18,591 94 

$394,159 53 



$261,301 15 
57,440 90 
39,295 19 
10,251 53 
26,814 95 



$395,103 72 



Premiums. 

$464,748 61 
635,576 30 

*1,100,324 91 
576,539 53 

$523,785 38 
138,578 77 



.$28,695,517 00 $385,206 61 



Miscellaneous. 
Fire losses incurred during tlie year, . 



$261,940 00 



1885.] 



FOREIGN FIRE INSURANCE COS. 



377 



UNITED STATES BRANCH OF THE LIVERPOOL AND LONDON 
AND GLOBE INSURANCE COMPANY, LIVERPOOL, ENG. 

James E. Pulsford, Resident Manager. 

Office, No. 45 William Street, New York. 

Detailed Statement of Stocks, Bonds, Etc. 

Par ralue. Market value. 

United States bonds, $1,560,000 00 $1,909,541 25 

45,000 00 , 51,975 00 



New York state bonds, 
New York city bonds, 
Richmond city bonds, 
Boston city bonds, 
Mississippi Pay Warrants, 



50.000 00 

5,000 00 

180,000 00 

20,000 00 



62,750 00 

6,775 00 

223,425 00 

20,000 00 



$1,860,000 00 $2,274,466 25 



Summary of Assets Dec. 31, 1885. 



Cash value of unencumbered real estate, . 

Loans on mort'ge of real estate (first liens), 

Interest due or accrued thereon, . 

Stocks, bonds, etc., as per schedule, . 

Cash deposited in bank, 

Interest due and accrued, . 

Premiums in course of collection (gross), 

Loans on life policies, .... 

Rents due and accrued, etc., 

Premiums more than 3 mos. due, $15,266 52 

Gross assets, 

Deduct special deposits in other States, 



Balance, 



Liabilities 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Life and annuity reserve fund, . 



$1,325,000 00 

1,679,409 95 

32,478 13 

2,274,466 25 

244,462 16 

1,306 15 

353,455 33 

11,450 00 

1,982 86 



$5,924,010 83 
308,162 50 

$5,615,848 33 



$28,726 58 

254,655 71 

80,632 97 

$364,015 26 
66,576 10 

$297,439 16 

2,473,786 91 

326,675 98 

104,572 86 



378 UNITED STATES BRANCHES OF [Dec. 31, 



Due for reinsurance, . 
Commissions and brokerage, 
All other liabilities, . . . 

Gross liabilities, . 
Deduct liabilities on special deposits, 



$36,069 00 
42,683 82 
53,679 91 

§3,334,907 64 
203,250 16 



$3,131,657 48 



Surplus, $2,484,190 85 



Income. 

Cash received for fire premiums, . . 84,544,021 39 
Deduct reinsurance and return premiums, . 990,515 03 

Net cash received for fire premiums, . . 

Interest received on mortgages, 



and dividends received from all other sources, 

Income from rents, 

Deposits received for perpetual fire risks, $8,698 56 

Gross cash income, 

Expenditures. 

Cash paid for fire losses, .... $2,241,15472 
Deduct salvage and reinsurance, . . . 206,021 41 

Net cash paid for fire losses, . . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Deposits returned on perpetual fire risks, $8,112 66 



$3,553,506 36 
59,685 83 
96,255 91 
66,136 65 



$3,775,584 75 



Gross cash expenditures, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 

Perpetuals in force (included above), 



$512,226,180 00 
500,807,003 00 



$1,013,033,183 00 
446,713,232 CO 

$566,319,951 00 
49,168,955 00 

$517,150,996 00 

$11,749,310 00 



Miscellaneous. 
Fire losses incurred during the year, . 



$2,035,133 31 

611,666 56 

192,603 60 

86,374 65 

194,254 86 



$3,120,032 98 

Premiums. 

$4,738,415 01 

4,498,144 02 

$9,226,559 03 
4,053,394 38 

$5,173,164 65 
359,025 05 

$4,814,139 60 

$46,336 73 

$1,982,813 00 



1885.] 



FOREIGN FIRE INSURANCE COS. 



379 



UNITED STATES BRANCH OF THE LONDON ASSURANCE 
CORPORATION, LONDON, ENGLAND. 

James May Duane, Besident Manager. 

Office, No. 88 Wall Street, New York. 

Summary of Assets Dec. 31, 1885. 



United States bonds, .... 
Cash in the office of the company, 

deposited in bank, 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, 



$1,251,525 00 

915 58 

91,400 48 

68,639 76 



Balance, 



$1,412,480 82 
264,962 50 

$1,147,518 32 



Liabilities. 

Net amount of unpaid losses, . . . $76,432 89 

Unearned premiums on outstanding risks, . 506,206 34 

Reclaimable on perpetual fire policies, . 1,751 82 

Gross liabilities, .... . $ 584,391 05 

Deduct liabilities on special deposits, . . 89,033 84 



495,357 21 



Surplus, 



$652,161 11 



Income. 

Cash received for fire premiums, . . $836,179 74 
Deduct reinsurance and return premiums, . 150,899 79 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, 



$685,279 95 
49,850 00 



Gross cash income, 



. $735,129 95 



Expenditures. 
Net cash paid for fire losses, .... 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for state and local taxes, . 

for incidentals, 

Deposits returned on perpetual fire risks, . $110 00 

Remitted to home office, .... 16,097 52 

Gross cash expenditures, 



$439,566 09 

119,165 77 

37,202 42 

20,345 02 

55,732 83 



$672,012 13 



380 



UNITED STATES BRANCHES OF [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 188-4, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 

Perpetuals in force (included above), 



$101,683,435 00 
. 91,188,087 00 

$192,871,522 00 
. 84,772,786 00 

§108,098,736 00 
. 5,527,238 00 

$102,571,498 00 

80,800 00 



Miscellaneous. 
Fire losses incurred during the year (estimated), 



Premiums. 

$1,017,049 41 

845,727 11 

$1,862,777 13 

824,658 42 

$1,038,118 71 

,862 01 

$l,014,2o 

1,844 02 



$423,999 00 



UNITED STATES BRANCH OF THE LONDON AND LANCA- 
SHIRE FIRE INSURANCE COMPANY, LIVERPOOL, ENG. 
Scull & Bradley, Managers of the New England Branch. 
Office, No. 53 Devonshire Street, Boston. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 
Chicago and Northwestern Railroad bonds 
N. Y. Central and Hudson River R.R. bonds 
Chicago, Burl, and Quincy R.R. bonds, 
New York and Harlem Railroad bonds, 
Chic , Rhode Island and Pacific R.R. bonds 
Lake Shore and Mich. Southern R.R. bonds 
Delaware and Hudson Canal Co. bonds, 



Par value. 

$530,000 00 

75,000 00 

75,000 00 

100,000 00 

100,000 00 

15,000 00 

38,000 00 

100,000 00 



Market value. 

$625,975 00 
97,125 00 
99,843 00 
99,500 00 

137." 

19,650 00 
48,450 00 

120,370 00 



$1,033,000 00 $1,248,663 00 



Summary of Assets Dec. 31, 1885. 



Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Reinsurance due, . 

Gross assets, 

Deduct special deposits in other States, 

Balance, .... 



$1,248,663 00 

31,773 37 

72,767 10 

14 19 

78,790 86 

457 64 



$1,432,466 16 
287,431 25 

$1,145,034 91 



1885.] 



FOREIGN FIRE INSURANCE COS. 



381 



Liabilities. 

Losses adjusted, unpaid, . . . . $42 50 

claimed and reported, . . . 24,141 81 

disputed or resisted, . . . 24,068 00 

Total amount oflosses, .... $48,25231 

Less reinsurance, 18 59 

Net amount of unpaid losses, . . . $48,233 72 

Unearned premiums on outstanding risks, . 060,140 18 

Reclaimable on perpetual fire policies, . 2,308 07 

Due and accrued for rent, salaries, etc., . 3,885 78 

State and local taxes, 5,411 -40 

Commissions and brokerage, . . . 4,110 86 

Reinsurance due, 1,000 00 

Gross liabilities, $725,090 01 

Deduct liabilities on special deposits, . . 65,984 72 

Surplus 

Income. 

Cash received for fire premiums, . . $1,281,354 96 

Deduct reinsurance and return premiums, . 283,069 84 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, 

Deposits received forperpetual fire risks, . $1,274 94 



$659,105 29 
$485,929 62 



Gross cash income, .... 

Expenditures. 
Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for commissions and brokerage, 



$646,082 37 
55,024 90 



for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



$125,605,266 00 
128,786,443 00 

$254,391,709 00 
116,352,470 00 

$138,039,239 00 
7,231,784 00 



$998,285 12 
54,814 96 

$1,053,100 08 



$591,057 47 

197,463 62 

58,676 24 

25,956 96 

54,188 56 

$927,342 85 

Premiums. 

il, 241,803 97 
1,279,897 63 

12,521,701 60 
1,125,057 03 



,396,644 57 
96,803 34 



Net am't in force (includ'gperpTls), $130,807,455 00 $1,299,841 23 



Miscellaneous. 
Fire losses incurred during the year, . . 



$542,265 00 



382 



UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATES BRANCH OF THE NORTH BRITISH AND 
MERCANTILE INSURANCE COMPANY, LONDON AND EDIN- 
BURGH, G. B. 

Charles E. White and Samuel P. Blagden, Managers. 

Office, No. 54 William Street, New York. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, .... 

Baltimore and Ohio Railroad bonds, . 

N. Y. Central and H. R. Railroad bonds, 

New York County bonds, . 

New York city bonds, . 

South Carolina (Brown) bonds, 

Alabama bonds, . 

Tennessee bonds, . 

Virginia bonds, . 

Cash held by Trustees, 



Par value 

$1,681,000 00 \ 

200,000 00 

500,000 00 

31,000 00 

00 00 

12,500 00 

10,000 00 

1,100 00 

04,966 67 

11,741 89 



Market value. 

2,011 - 

216,000 00 

672,/,' 
42,500 00 
24,460 00 
13,750 00 
10,200 00 
1,100 00 
25,576 67 
11,741 89 



$2,530,308 56 $3,028,646 06 



Summary of Assets Dec. 31, 1885. 



Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
more than 3 mos. due, $6,583 19 

Gross assets, 

Deduct special deposits in other States, 



Balance, 



§3,028,646 06 

448 8) 

123,662 95 

32,658 00 

236,454 95 



$3,421,870 76 
294,154 17 

$3,127,716 59 



Liabilities. 
Losses adjusted, unpaid, 

claimed and reported, 

disputed or resisted, 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Commissions and brokerage, 
Reinsurance, etc., .... 

Return premiums, .... 

Gross liabilities, .... 
Deduct liabilities on special deposits, . 



$47,640 06 

66,825 44 

36,422 27 

1,198,413 67 

2,444 96 

27,154 51 

8,896 43 

17,654 49 

$1,405,451 83 
138,952 02 



1,266,499 81 



Surplus, $1,861,21' H 



1885.] 



FOREIGN FIRE INSURANCE COS. 



383 



Income. 

Cash received for fire premiums, . . $1,967,805 93 
Deduct reinsurance and return premiums, . 274,723 52 

Net cash received for fire premiums, . . $1,693,082 4L 

Interest and dividends received from all sources, . . 129,768 65 



Gross cash income, 



$1,822,851 06 



Expenditures. 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



Gross cash expenditures, 



$1,009,806 03 

269,185 64 

181,942 28 

39,395 15 

51,433 06 

$1,551,762 16 



Fire risks outstanding Dec. 31, 1885, 
written during 1885, . 



Risks and Premiums. 

Premiums. 

$233,304,514 00 $2,265,340 94 
.210,050,003 00 1,998,616 07 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$443,354,517 00 $4,263,957 01 
.198,110,686 00 1,802,044 68 



$245,243,831 00 $2,461,912 33 
. 14,684,160 00 86,189 12 



$230,559,671 00 $2,375,723 21 



Miscellaneous. 
Fire losses incurred during the year, . 



$981,314 00 



UNITED STATES BRANCH OF THE NORTHERN ASSURANCE 
COMPANY, LONDON, ENGLAND. 

George W. Babb, Jr., Attorney for N. E. District. 
Office, No. 17 Congress Street, Boston. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value 

United States bonds, $687,150 00 $838,708 37 

Boston city bonds, 129,500 00 146,425 00 

St. Louis city bonds, 40,000 00 44,000 00 



384 UNITED STATES BRANCHES OF [Dec. 31, 

Par value. Market value. 

Providence city bonds, .... 052,500 00 $58,800 00 

Massachusetts State bonds, .... 88,000 00 96,800 00 



$997,150 00 $1,184,733 37 

Summary of Assets Dec. 31, 1885. 

Stocks, bonds, etc., as per schedule, . . $1,184,733 37 

Cash in the office of the company, . . 998 74 

deposited in bank, .... 58,927 00 

Premiums in course of collection (gross), . 94,881 45 

Gross assets, $1,339,540 56 

Deduct special deposits in other States, .... 289,11200 



Balance, $1,050,428 56 

Liabilities. 

Losses adjusted unpaid, .... $22,039 61 

claimed and reported, . . . 21,726 81 

disputed or resisted, . . . 32,099 60 

Unearned premiums on outstanding risks, . 530,918 74 

Commissions and brokerage, . . . 11,689 84 



Gross liabilities, $618,474 60 

Deduct liabilities on special deposits, . . 62,638 16 



555,836 44 



Surplus $494,592 12 

Income. 

Cash received for fire premiums, . . $1,012,052 04 
Deduct reinsurance and return premiums, . 179,090 91 

Net cash received for fire premiums, . . $832,961 13 

Interest and dividends received from all sources, . . 44,009 10 



Gross cash income, $876,970 23 

Expenditures. 
Cash paid for fire losses, .... $539,085 57 
Deduct salvage and reinsurance, . . 7,781 14 

Net cash paid for fire losses, . . . $531,304 43 

Cash paid for commissions and brokerage, . . . 140,506 62 

for salaries of officers and employees, . . 74,366 58 

for State and local taxes, 24,094 30 

for incidentals, 68,645 52 



Gross cash expenditures, $838,917 45 



1885.] FOREIGN FIRE INSURANCE COS. 385 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . .$76,310,923 00 $906,365 88 
written during 1885, . . . 98,615,825 00 1,013,867 63 



Total, $174,926,748 00 $1,920,233 51 

Deduct risks expired and terminated, . 78,958,112 00 886,433 54 



In force at end of year, . . . .$95,968,636 00 $1,033,799 97 
Deduct amount reinsured, .... 1,782,480 00 15,898 07 



Net amount in force, . . . . $94,186,156 00 $1,017,901 90 

Miscellaneous. 
Fire losses incurred during the year, $464,258 00 



UNITED STATES BRANCH OF THE NORWICH UNION FIRE 
INSURANCE SOCIETY, NORWICH, ENGLAND. 

J. Montgomery Hare, Besident Manager. 
Office, No. 67 Wall Street, New York. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $545,000 00 $671,712 50 

New York city bonds, 162,000 00 197,110 00 

N. Y. Cent, and H. R. R. R. bonds, . . 75,000 00 103,125 00 



$782,000 00 $971,947 50 

Summary of Assets Dec. 31, 1885. 
Stocks, bonds, etc., as per schedule, . . $971,947 50 



Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (net), 

Reinsurance due, 

Gross assets, . . # . 

Deduct special deposits in other States, 



509 37 

154,919 97 

10,606 67 

19,603 79 

26 93 



,157,614 2S 
256,360 00 



Balance, $901,254 23 

Liabilities. 

Total amount of losses, .... $87,723 86 
Less reinsurance, 4,943 35 



Net amount of unpaid losses, . . $82,780 51 



386 UNITED STATES BRANCHES OF [Dec. 31, 

Unearned premiums on outstanding risks, . $483,802 25 
Due and accrued for rent, salaries, etc., . 1,000 00 



Gross liabilities, 8567,582 76 

Deduct liabilities on special deposits, . . 60,936 20 



,640 56 



Surplus, §394,607 67 

Income. 

Cash received for fire premiums, . . §903,713 89 
Deduct reinsurance and return premiums, . 150,590 44 

Net cash received for fire premiums, . . §753,123 45 

Interest and dividends received from all sources, . . 39,030 19 



Gross cash income, $792,153 64 

Expenditures. 

Cash paid for fire losses, .... $488,661 58 
Deduct salvage and reinsurance, . . 30,829 34 

Net cash paid for fire losses, . . . $457,832 24 

Cash paid for commissions and brokerage, • 127,063 07 

for salaries of officers and employees, . . 50,473 28 

for State and local taxes, 16,677 18 

for incidentals, 48,514 58 



Gross cash expenditures, ' . $700,560 35 

Risks and Premiums. 

Premiums. 

Fire risks outstanding December 31, 1884, . $85,374,190 00 $845,632 44 
written during 1885, . . . 92,688,591 00 898,171 48 



Total $178,062,781 00 $1,743,803 92 

Deduct risks expired and terminated, . 82,180,763 00 775,109 63 



In force at end of year, . . . .$95,882,018 00 $968,694 29 
Deduct amount reinsured, .... 3,467,173 00 30,982 62 



Net amount in force, . . . .$92,394,845 00 $937,71167 

Miscellaneous. 
Fire losses incurred during the year, $455,011 00 



1885.] 



FOREIGN FIRE INSURANCE COS. 



387 



UNITED STATES BRANCH OF THE PHCENIX ASSURANCE 
COMPANY, LONDON, ENGLAND. 

Alexander D. Irving, Manager. 
Office, No. 67 Wall Street, New York. 

Summary of Assets Dec. 31, 1885 



United States bonds, .... 
Cash in hands of trustees, . 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (net), 

Gross assets, . 
Deduct special deposits in other States, 



81,506,270 00 

5,920 21 

132,841 31 

10,100 00 

89,603 06 



Balance, 



$1,744,740 58 
251,906 25 

$1,492,834 33 



Liabilities, 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 

Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Gross liabilities, .... 
Deduct liabilities on special deposits, . 



830,413 00 

191,197 00 

30,200 00 

$251,810 00 
83,323 00 

$168,487 00 
1,038,887 73 

$1,207,374 73 
93,106 72 



1,114,268 01 



Surplus, $378,566 32 



Income. 

Cash received for fire premiums, . . $2,263,209 80 

Deduct reinsurance and return premiums, . 448,504 86 

Net cash received for fire premiums, . . 



Interest and dividends received from all sources, 



$1,814,704 94 
48,665 30 



Gross cash income, 



$1,863,370 24 



Expenditures. 
Cash paid for fire losses, .... $1,148,52848 
Deduct salvage and reinsurance, . . 98,007 62 
Net cash paid for tire losses, . . . 



$1,050,520 86 



388 



UNITED STATES BRANCHES OF [Dec. 31, 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, 

Gross cash expenditures, .... 

Risks and Premiums. 



$352,058 45 
86,713 41 
41,312 64 
122,796 

$1,653,401 42 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



Premiumi. 

$172,096,095 00 $1,593,513 75 
312,227,136 00 2,206,727 77 



f484,323,231 00 $3,860,241 
241,007,737 00 1,590,815 52 



$ 243,315,494 00 $2,269,426 00 
19,018,772 00 136,532 81 



Miscellaneous. 
Fire losses incurred during the year, . 



$224,296,722 00 $2,132,893 19 
. $1,045,595 00 



UNITED STATES BRANCH OF THE QUEEN INSURANCE 
COMPANY, LIVERPOOL, ENGLAND. 

James A. Macdonald, Manager. 
Office, No. 31 Wall Street, New York. 



Detailed Statement of Stocks, 



United States bonds, .... 
Mississippi State bonds, 
New York, Lack, and Western R.R. bonds 
Chicago and Southwestern Railroad bonds 
North Wisconsin Railroad bonds, 
Chicago, Burl, and Quincy Railroad bonds 
Chic, Rhode Island and Pacific R.R. bonds 
Fremont, Elkhorn and Mo. R.R. bonds, 
Chicago, Mil. and St Paul R.R. bonds, 
Chicago and Northwestern R.R. bonds, 
Baltimore and Ohio Railroad bonds, . 
Pennsylvania Company Railroad bonds, 
Farmers' Loan and Trust Company stock, 



I 



Bonds, etc 

Par value. 

756,300 00 
20,000 00 

100,000 00 
10,000 00 
10,000 00 
10,000 00 
5,000 00 
10,000 00 
30,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 



Market value. 

$922,164 37 
20,000 00 
109,139 39 
12,750 00 
12,750 00 
13,450 00 
6,600 00 
11,450 00" 
31,870 00 
10,818 75 
10,737 50 
10,275 00 
40,000 00 



$991,300 00 $1,212,005 01 



1885.] 



FOREIGN FIRE INSURANCE COS. 



389 



Summary of Assets Dec. 
Cash value of unencumbered real estate, 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (net), 
Rents due and accrued, 

Gross assets, 

Deduct special deposits in other States, 



31, 1885. 

$357,928 92 

1,212,005 01 

14,150 91 

226,280 29 

11,797 99 

16,506 30 

2,866 70 



$1,841,536 12 
346,281 25 



Balance, $1,495,254 87 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or. resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Gross liabilities, .... 
Deduct liabilities on special deposits, . 



$51,289 89 
67,457 73 
32,538 89 

$151,286 51 
12,943 48 

$138,343 03 
977,662 81 



.,116,005 84 
155,311 96 



960,693 88 



Surplus, $534,560 99 



Income. 

Cash received for fire premiums, . . $1,669,867 95 
Deduct reinsurance and return premiums, . 403,830 66 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, 
Income from rents, 



Gross cash income, .... 

Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 
Cash paid for commissions and brokerage, 



- $1,266,037 29 

45,092 48 

10,265 33 

. $1,321,395 10 



$892,086 76 
63,787 28 



for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$828,299 48 

176,901 81 

82,963 24 

38,524 78 

76,975 00 



Gross cash expenditures^ 



11,203,664 31 



390 



UNITED STATES BRANCHES OF [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
"written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



£ 157,142,903 00 
153,673,207 00 

$310,816,170 00 
132,270,986 00 

$178,545,184 00 
6,062,296 00 



Premiums. 

$1,649,889 78 
1,666,898 28 

$3,316,788 06 
1,394,940 02 

f 1,921,84- I 
58,868 69 



$172,482,888 00 $1,862,979 35 



Miscellaneous. 

Fire losses incurred during the year, . 



$814,150 00 



UNITED STATES BRANCH OF THE ROYAL INSURANCE 
COMPANY, LIVERPOOL, ENGLAND. 

Scull & Bradley, Managers of New England Branch. 
Office, No. 53 Devonshire Street, Boston. 



Summary of Assets Dec. 31, 1885. 

Cash value of unencumbered real estate, . $1,776,301 56 

United States bonds, 2,315,058 75 

Cash in the office of the company, . . 796 14 

deposited in bank, .... 279,414 93 

Interest due and accrued, .... 48,100 00 

Premiums in course of collection (gross), . 290,130 01 

Rents, reinsurance, etc., due, . . . 3,097 77 
Prem's not more than 3 mos. due, $7,773 96 

Gross assets, 

Deduct special deposits in other States, 



Balance, 



Liabilities 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, . 

Total amount of losses, 
Less reinsurance, . 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Reclaimable on perpetual fire policies, 



$4,712,899 16 
304,500 00 

$4,408,399 16 



$13,298 20 

171.731 99 

60,062 14 

£245,092 33 
63,188 26 

$181,904 07 

1,862,860 74 

68,360 81 



1885.] FOREIGN FIRE INSURANCE COS. 391 



Life and annuity reserve fund, . 
Due and accrued for rent, salaries, etc., 
State and local taxes, . 
Commissions and brokerage, 
Reinsurance and return premiums, 

Gross liabilities, . 
Deduct liabilities on special deposits, 



$136,675 00 

1,195 98 

12,879 77 

44,258 14 

62,092 61 

12,370,227 12 

216,610 73 



$2,153,616 39 



Surplus, $2,254,782 77 



Income. 

Cash received for fire premiums, . . $3,176,885 31 
Deduct reinsurance and return premiums, . 723,668 54 

Net cash received for fire premiums, . . 



Interest and dividends received from all sources, 

Income from rents, 

Deposits received for perpetual fire risks, . $6,248 30 

Gross cash income, 

Expenditures. 

Cash paid for fire losses, . . . . $1,611,891 62 
Deduct salvage and reinsurance, . . 177,829 22 

Net cash paid for fire losses, . . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, 

Deposit returned on perpetual fire risks, . $1,560 93 

Gross cash expenditures, 



12,453,216 77 
97,304 15 
74,717 54 



!,625,238 46 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 
Perpetuals in force (included above), 



$354,671,387 00 
341,927,033 00 



$696,598,420 00 
299,321,099 00 

$397,277,321 00 
39,785,502 00 

$357,491,819 00 
$2,077,693 00 



$1,434,062 40 

437,242 17 

157,230 97 

59,448 39 

123,520 64 



1,211,504 57 



Premiums. 

$3,577,544 66 
3,213,151 99 

$6,790,696 65 
2,808,901 07 

$3,981,795 58 
321,027 72 



Miscellaneous. 

Fire losses incurred during the year, . 



$3,660,767 86 
$3,597 93 

$1,327,540 00 



392 UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATES BRANCH OF THE SCOTTISH UNION AND 
NATIONAL INSURANCE COMPANY, EDINBURGH, GREAT 
BRITAIN. 

M. Bennett, Jr., Manager. 
Office, No. 223 Asylum Street, Hartford, Conn. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds, . 
Middlesex County bonds, 
Toronto City bonds, 
Ontario Railway bonds, 



Par value. 

$405,000 00 
50,000 00 
61,185 00 
51,912 00 



Market value. 

$498,150 00 
57,875 00 
64,798 00 
29,494 40 



$568,097 00 $650,317 40 



Summary of Assets, Dec. 31, 1885. 
Loans on mortgage of real estate (first liens*), $353,000 00 



Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 

deposited in bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, 



7,382 37 

650,317 40 

642 49 

78,056 38 

4,050 00 

59,770 34 



Balance, 



$1,153,218 98 
374,823 00 

$778,395 98 



Liabilities. 

Losses adjusted, unpaid, .... $23,597 00 

claimed and reported, . . . 15,000 00 

disputed or resisted, .... 10,000 00 

Unearned premiums on outstanding risks, . 233,171 06 

Gross liabilities, $281,768 06 

Deduct liabilities on special deposits, . . 92,583 78 

189,184 28 

Surplus, $589,211 70 

* Value of lands mortgaged $340,000 00 

Value of buildings thereon 440,000 00 

Amount of insurance held as collateral, . . . 367,200 00 



1885.] 



FOREIGN FIRE INSURANCE COS. 



393 



Income. 

Cash received for fire premiums, . . $755,957 13 
Deduct reinsurance and return premiums, . 381,212 80 

Net cash received for fire premiums, . . $374,744 33 

Interest received on mortgages, 16,884 47 

and dividends received from all other sources, . 24,930 12 



Gross cash income $416,558 92 

Expenditures. 



Cash paid for fire losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



Gross cash expenditures, 



$243,635 22 
54,201 09 
27,939 00 
10,227 73 
15,805 40 

$351,808 44 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, 
"written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



Premiums. 

),515,764 00 $590,092 73 
. 62,288,188 00 746,738 13 



$112,803,952 00 $1,336,830 86 
. 58,125,573 00 651,705 42 



. $54,678,379 00 $685,125 44 
. 16,300,196 00 229,368 38 



Net amount in force, 

Miscellaneous. 
Fire losses incurred during the year, . 



. $38,378,183 00 $455,757 06 
. $243,771 00 



UNITED STATES BRANCH OF THE SUN FIRE OFFICE 
COMPANY, LONDON, ENGLAND. 

Uri S. Gilbert, Resident Manager. 
Office, Watertown, New York. 

Summary of Assets Dec. 31, 1885. 
Cash value of unencumbered real estate, . $20,000 00 
Loans on mort'ge of real estate (first liens*), 1,014,000 00 



* Value of lands mortgaged $1,073,000 00 

Value of buildings thereon, 620,000 00 

Amount of insurance held as collateral, . . 556,000 00 



394 UNITED STATES BRANCHES OF [Dec. 31, 



Interest due or accrued thereon, 

United States bonds, 

Cash in the office of the company 

deposited in bank, 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Notes taken for fire risks, . 

Gross assets, . 
Deduct special deposits in other States, 



$7,875 00 
122,125 00 

4,280 25 

• - 25 

2,190 71 

202,183 13 

13,868 95 



Balance, 



$1,712,361 29 
165,875 00 

$1,546,484 



Liabilities. 

Losses adjusted, unpaid, .... $41,260 00 

claimed and reported, . . . 47,260 00 

disputed or resisted, .... 16,705 00 

Unearned premiums on outstanding risks, . 1,078,986 34 

Gross liabilities, $1,184,211 34 

Deduct liabilities on special deposits, . . 96,190 00 



1,088,021 34 



Surplus, ? 458,464 95 



Income. 

Cash received for fire premiums, . . $1,448,582 90 
Deduct reinsurance and return premiums, . 286,825 01 



Net cash received for fire premiums, . . 

Interest received on mortgages, 

and dividends received from all other sources, 

Gross cash income, 



$1,161,757 89 
46,696 11 
15,424 51 

$1,223,878 51 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, . 

Net cash paid for fire losses, 

Cash paid for commissions and brokerage, . 



$809,145 18 
9,757 93 



for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$799,387 25 

216,080 55 

88,592 39 

31,032 49 

127,686 42 



Gross cash expenditures, 



H.262,779 10 



1885.] 



FOREIGN FIRE INSURANCE COS. 



395 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 



Risks and Premiums. 

Tremiums. 

$197,229,796 00 $1,956,459 35 
146,414,603 00 1,463,293 94 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$343,644,3 *9 00 $3,419,753 29 
134,174,084 00 1,395,542 71 



$209,470,315 00 $2,024,210 58 
2,982,081 00 21,635 19 



Miscellaneous. 
Fire losses incurred during the year, . 



$206,488,234 00 $2,002,575 39 
. $753,337 00 



UNITED STATES BRANCH OF THE THAMES AND MERSEY 
MARINE INSURANCE COMPANY (LIMITED), LIVERPOOL, 
ENGLAND. 

A. J. Macdonald, Manager. 

Office, No. 69 Wall Street, New York. 
Summary- of Assets Dec. 31, 1885. 



United States bonds, .... 
Cash in the office of the company, 

deposited in bank, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Reinsurance and salvage, . 

Gross assets, 

Deduct special deposits in other States, 



Balance, 



Liabilities. 



Losses claimed and reported, 
disputed or resisted, . 

Total amount of losses, 
Less reinsurance, .... 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, 
Reinsurance due, 

Gross liabilities, .... 

Surplus, 



$584,843 75 

371 .84 

20,234 25 

29,621 51 

1,145 00 

2,980 44 



$41,420 00 
36,923 00 

$78,343 00 
11,007 00 

$67,336 00 

17,405 00 

468 03 

5,715 60 



$639,196 79 
153,906 00 

$485,290 79 



90,924 63 
$394,366 16 



396 



UNITED STATES BRANCHES OF [Dec. 31, 



Income. 

Cash received for marine and inl'd prems, . $212,848 03 
Deduct reinsurance and return premiums, . 70,614 80 

Net cash rec'd for marine and inland prem's, 

Interest and dividends received from all sources, 

Gross cash income, 



Expenditures. 
Cash paid for marine and inland losses, . $191,438 82 
Deduct salvage and reinsurance, . . 132,906 10 

Net cash paid for marine and inland losses, 

Cash paid for commissions and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, . 

for rent and incidentals, 

Gross cash expenditures, .... 
Risks and Premiums. 

Marine risks outstanding Dec. 31, 1884, . $2,482,768 00 
written during 1885, . . 33,279,777 00 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 



.$35,762,545 00 
. 33,503,964 00 

. $2,258,581 00 
897,018 00 



$142,233 23 
19,000 00 

$161,233 23 



$58,532 

14,350 24 

18,031 82 

5,370 53 

24,033 11 

$120,318 42 

Premiums. 

211,729 49 

$239,374 73 
211,698 73 

$27,676 00 
10,271 00 



Net amount in force, 

Miscellaneous. 
Marine and inland losses incurred during the year, . 



. $1,361,563 00 $17,405 00 



$146,536 00 



UNITED STATES BRANCH OF THE TRANSATLANTIC FIRE 
INSURANCE COMPANY, HAMBURG, GERMANY. 

E. Harbers, Resident Manager. 

Office, No. 62 Liberty Street, New York. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, §325,000 00 $403,406 25 

Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

Missouri, Kansas and Texas R.R. bonds, . $25,410 00 "\ e-0 000 00 



Louisville and Nashville R. R. bonds, 



34,000 00 



$59,410 00 



1885.] 



FOREIGN FIRE INSURANCE COS. 



307 



Summary op Assets Dec. 31, 1885. 

Bonds, as per schedule, .... $403,406 25 
Loans on collateral security, as per schedule, 50,000 00 

Cash deposited in bank, .... 12,785 22 

Premiums in course of collection (net), . 18,163 89 

more than 3 months due, $725 05 

Gross assets, 

Deduct special deposits in other States, 



Balance, 



Liabilities. 

Losses adjusted, unpaid, .... $14,628 20 

claimed and reported, . . . 14,129 15 

disputed or resisted, .... 2,950 00 

Unearned premiums on outstanding risks, . 143,748 56 

Gross liabilities, $175,455 91 

Deduct liabilities on special deposits, . . 11,616 93 



Surplus, 



Income. 

Cash received for fire premiums, . . $283,937 47 
Deduct reinsurance and return premiums, . 33,233 63 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, 

Gross cash income, 



$484,355 36 
124,125 00 

$360,230 36 



163,838 98 
$196,391 38 



$250,703 84 
14,088 19 

$264,792 03 



Expenditures. 

Cash paid for fire losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 

Gross cash expenditures, .... 
Risks and Premiums. 



Fire risks outstanding Dec. 31, 1884, . 
written during 1885, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



. $21,623,664 00 
. 21,250,373 00 

.$42,874,037 00 
. 21,248,143 00 



$147,807 33 

46,654 28 

19,140 96 

4,555 91 

17,802 64 

$235,961 12 



Premiums. 
5277,979 09 
282,299 57 



$560,278 66 
279,769 71 



.$21,625,894 00 $280,508 95 

Miscellaneous. 
Fire losses incurred during the year, $153,128 46 



398 UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATES BRANCH OF THE UNION MARINE INSUR- 
ANCE COMPANY (LIMITED), LIVERPOOL, 

Endicott and Macomber, 
G. Winthkop Coffin, 



\ Attorneys, Boston. 



Summary of Assets Dec. 31, 1885. 

United States bonds, $369,375 00 

Cash deposited in bank, .... 9,466 44 

Interest due and accrued, .... 3,0u0 00 

Premiums in course of collection (net), . 21,256 67 

Notes taken for marine risks, . . . 2,580 00 

Reinsurance due, 144 36 

Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... $69 72 

claimed and reported, . . . 55,764 28 

Total amount of losses, .... $55,83400 
Less reinsurance, 20,910 48 

Net amount of unpaid losses, . . . $34,923 52 

Unearned premiums on outstanding risks, . 25,908 

Due and accrued for rent, salaries, etc., . 2,189 53 

Due for reinsurance, 5,178 92 

Gross liabilities, 

Surplus, 

Income. 

Cash received for marine and inl'd prem's, $189,453 24 
Deduct reinsurance and return premiums, . 187,703 12 

Net cash rec'd for murine and inl'd prem's, 

Interest and dividends received from all sources, 

Income from all other sources, 

Received from home office, . . . $63,400 00 

Gross cash income, 

Expenditures. 

Cash paid for marine and inland losses, . $308,784 68 
Deduct salvage and reinsurance, . . 113,142 35 

Net cash paid for marine and inland losses, 

Cash paid for commissions and brokerage, 

for State and local taxes, 

for incidentals, 

Remitted to home office, .... $138,281 oJ 

Gross cash expenditures, 



$105,822 47 



68,200 00 
$337,022 47 



$301,750 12 

12,010 80 

8,401 54 

2,162 46 



$195,642 33 
33,533 57 

10,408 66 
$246,463 12 



1885.] FOREIGN FIRE INSURANCE COS. 399 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 



Risks and Premiums. 

$4, 

45,408,846 00 457,253 48 



Total, 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount reinsured, . 



Premiums. 
$4,741,415 00 $64,444 65 



,150,261 00 $521,698 13 
47,791,312 00 489,677 04 



12,358,949 00 $32,021 09 
284,318 00 6,113 06 



Net amount in force, .... $2,074,631 00 $25,908 03 

Miscellaneous. 

Marine and inland losses incurred during the year, . . $187,208 15 



UNITED STATES BRANCH OF THE UNITED FIRE REIN- 
SURANCE COMPANY (LIMITED), MANCHESTER, ENG. 

William Wood, Manager. 

Office, No. 28 Nassau Street, New York. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $350,000 00 $431,375 00 

Missouri Pacific Railroad bonds, . . 50,000 00 57,250 00 

New York Elevated Railroad bonds, . . 50,000 00 63,750 00 

St. Louis and Iron Mountain R.R. bonds, . 50,000 00 56,000 00 

Chicago, Mil. and St, Paul Railroad bonds, 50,000 00 58,500 00 



8550,000 00 $666,875 00 

Summary of Assets Dec. 31, 1885. 

Stocks, bonds, etc., as per schedule, . . $666,875 00 
Cash deposited in bank, .... 11,428 64 

Interest due and accrued, .... 3,500 00 

Premiums in course of collection (net), . 110,718 68 

Gross assets, $792,522 32 

Liabilities. 
Total amount of losses, .... $109,003 24 
Less reinsurance, 7,019 32 



Net amount of unpaid losses, . . . $101,983 92 
Unearned premiums on outstanding risks, . 360,939 00 

Gross liabilities, 462,922 92 

Surplus, $329,599 40 



400 UNITED STATES BRANCHES OF [Dec. 31, 

Income. 
Cash received for fire premiums, . . . $932,372 69 
Deduct reinsurance and return premiums, . 110,094 19 

Net cash received for fire premiums, . . $822,278 50 

Interest and dividends received from all sources, 



Gross cash income, $847,579 00 

Expenditures. 
Cash paid for fire losses, .... $631,299 07 
Deduct salvage and reinsurance, . . 37,893 38 

Net cash paid for fire losses, . . . $593,405 69 

Cash paid for commissions and brokerage, . . . 1,069 60 

for salaries and office expenses, .... 34,665 12 



Gross cash expenditures, $832,140 41 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1884, . . $62,949,839 00 $740,087 00 
written during 1S85, . . . 80,585,350 00 932,328 00 



Total, $143,535,189 00 $1,072,415 00 

Deduct risks expired and terminated, . 87,253,528 00 967,318 00 



In force at end of year, . . .$56,281,66100 $705,097 00 

Miscellaneous. 
Fire losses incurred during the year (estimated), . . $564,680 00 



UNITED STATES BRANCH OF THE WESTERN ASSURANCE 
COMPANY, TORONTO, CANADA. 

George O. Carpenter, New England Agent. 

Office, No. 13 Central Street, Boston, Mass. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds, $501,000 00 $576,232 50 

Georgia State bonds, 25,000 00 27,000 00 



$526,000 00 $603,232 50 



Summary of Assets Dec. 31, 1885. 

Bonds, as per schedule $603,232 50 

Cash in the office of the company, . . 8,35154 

deposited in bank, .... 210,378 42 



1885.] FOREIGN FIRE INSURANCE COS. 401 



Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Mississippi deposit, 
Office furniture, .... $4,859 23 

Gross assets, 

Deduct special deposits in other States, 



Balance, 



Liabilities. 



Losses claimed and reported, 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Commissions and brokerage, 

Gross liabilities, . 
Deduct liabilities on special deposits, . 



$82,874 62 
15,062 51 
15,000 00 



Surplus, 



$61,135 28 
5,300 00 

$66,435 28 
1,000 00 

$65,435 28 

448,495 59 

19,474 92 

$533,405 79 
88,958 92 



Income. 

Cash received for fire premiums, . . $982,573 41 

Deduct reinsurance and return premiums, 205,550 65 

Net cash received for fire premiums, . . 

Cash received for marine and inl'd prem's, $119,122 01 

Deduct reinsurance and return premiums, . 10,518 91 

Net cash rec'd for marine and inl'd prem's, 

Interest and dividends received from all sources, 



$934,899 59 
214,750 00 

$720,149 59 



444,446 87 

$275,702 72 



Gross cash income, 



$777,022 76 



108,603 10 
26,643 40 

$912,269 26 



Expenditures. 

Cash paid for fire losses, .... $609,974 63 
Deduct salvage and reinsurance, . . 41,099 53 

Net cash paid for fire losses, . . . 

Cash paid for marine and inland losses, $61,926 68 

Deduct salvage and reinsurance, . . 1,411 69 

Net cash paid for marine and inland losses, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents and incidentals, 



$568,875 10 



60,514 99 
159,502 18 
20,300 00 
22,625 55 
75,592 63 



Gross cash expenditures, 



$907,410 45 



402 UNITED STATES BRANCHES OF [Dec. 31, 



Fire risks outstanding Dec. 31, 1884, 
written during 1885, . 



Risks and Premiums. 

Premium*. 

.$68,190,835 00 $955,047 43 
. 66,947,38- 993,310 35 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$135,138,217 00 $1,948,357 78 
. 70,556,149 00 1,047,617 04 



$64,582,068 00 $900,7} 
2,441,254 00 -.448 88 



$62,140314 I $868,2 



Marine risks outstanding Dec. 31, 1884, 
written during 1885, 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, 



$784,394 00 $14,584 69 
1n.764,470 I 116,272 



119,548,864 00 $13' 
18, 115,316 00 ll;U9< 



$1,133,548 00 $17,661 12 
12,500 00 1,358 14 



. $1,121,048 00 $16,302 98 



Miscellaneous. 

Fire losses incurred during the year, . 

Marine and inland losses incurred during the year, 



$545,037 
.747 00 



1885.] FOREIGN FIRE INSURANCE COS. 403 



AGGKEGATE. 



Gross present assets/ 



Gross present liabilities,! 



Income. 

Net cash received for fire premiums, 
Net cash received for marine premiums, 
Interest received from all sources, . 
Income from all other sources, 

Total income, 



Expenditures. 

Net cash paid for fire losses, .... 

Net cash paid for marine losses, 

Cash paid for commissions and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, 

for all other items, .... 

Total expenditures, 



Risks and Premiums. 

Fire risks written during the year, . 
Premiums thereon, .... 
Marine risks written during the year, 
Premiums thereon, .... 
Fire risks terminated, 
Marine risks terminated, 
Fire risks outstanding at end of year, 
Marine risks outstanding at end of year 
Fire losses incurred during the year, 
Marine losses incurred during the year, 



$34,971,696 



$18,784,560 



$25,157,588 

1,369,720 

1,194,899 

206,718 



$27,928,925 



$15,751,546 

629,518 

4,610,064 

1,843,702 

654,319 

1,428,480 



$24,917,629 



$3,147,155,610 

31,671,825 

240,728,969 

1,928,660 

2,860,154,595 

244,436,077 

3,144,295,423 

18,046,300 

15,072,382 

1,073,684 



* Immediately available for the payment of losses in this State. 

t Not including liabilities in States wherein special deposits have been made. 






FOREIGN FIRE AND MARINE 

INSUEANCE COMPANIES. 



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TAX RETURN 



OF 



AGENTS OF INSURANCE COMPANIES 

OF OTHER STATES AND COUNTRIES 

(EXCEPTING LIFE AND ACCIDENT COMPANIES), 

For the Year ending Oct. 31, 1885, as Returned to and Com-